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GPE abandons 35 Portman Square buy

 

Central London developer Great Portland Estates has decided not to buy 35 Portman Square, W1, from Warnford Investments.

 

It had tabled a £65m bid.

 

The Sebba family’s Warnford put the 53-year leasehold to the 66,000 sq ft office block on the market for £70m in June through CB Richard Ellis.

 

bridget.oconnell@egi.co.uk

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