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Lloyd's of London changes hands

The Richard Rogers Partnership's iconic Lloyd's of London building has once again changed hands.

German fund manager Deka has completed the sale of the Lloyd's of London building to another German finance business, Commerzleasing und Immobilien, for a price in the region of £231 million.

The sale comes amid concerns about the upkeep of the building, with rumours growing over cracking concrete in the structures.

The landmark property completed in 1986 provides approximately 32,329m 2of office accommodation. The building is let in its entirety to the Society of Lloyd's on a lease expiring in February 2012.

Deka acquired the property in January 1996 for £180 million.

by Ed Dorrell

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