10/11/2014

Other News In Brief

Brazilian Billionaire Buys The Gherkin

A Brazilian billionaire has reportedly bought the Gherkin, one of central London's most distinctive buildings.

Completed in 2004 for insurance firm Swiss Re, the tower, officially known by its street address of 30 St Mary Axe, was sold for £600m in 2006 to a group of buyers. However they have been in default on £395m they borrowed to make the purchase ever since.

Savills and Deloitte Real Estate were appointed earlier this year to sell the tower and Joseph Safra has reportedly paid £700m for the building.

The Safra Group said: "The acquisition of 30 St Mary Axe is consistent with our real estate strategy of investing in properties that are truly special - at the best locations within great cities.

"We intend to make the building even better and more desirable through active ownership that will lead to a range of enhancements that will benefit tenants."

Lone Adults Banned From Adventure Park

Lone adults have been banned from entering an adventure park near Weston-super-Mare it has been revealed.

The ban was reported after an adult male was not allowed to enter a falconry display at Puxton Park because he did not have any children with him.

It is understood the ban was imposed following the conviction of the areas former mayor Philip Judd, who was jailed in September for possessing indecent images of children.

However, it has been highlighted that while Mr Judd had visited the park on official business, his crimes had no connection with the adventure park.

In response the park said it has been "forced to implement necessary and stringent child protection policies."

Tower Bridge Glass Walkway Opened

A new glass walkway has been officially opened at London's Tower Bridge.

At 138ft above the Thames, the walkway gives a "birds eye view" of the river and traffic passing below.

The 11m long walkway cost £1m to install and is centrally positioned to allow visitors to watch the iconic bridge below open.

The West Walkway was unveiled on Monday and is to be followed with an East Walkway next month.

(MH/CD)

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