The Mormon Church is close to buying a £100m City of London office building that has Lloyds Banking Group among its tenants.
A subsidiary of the Church of Jesus Christ of Latter-day Saints is in exclusive talks to purchase the Alder Castle building at 10 Noble Street from a fund managed by M&G Real Estate, in a deal first reported by Bloomberg.
Property Reserve has a global property portfolio valued at billions of dollars said to include shopping centres, farms and resorts.
