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June 7, 2005

By Michelle Napoli

Two firms based in New York City but with global operations—Tishman Speyer Properties and Goldman, Sachs & Co.—have closed on a London office property sale-leaseback. Tishman Speyer officials declined to disclose the price paid for the investment bank's European headquarters on London's prestigious Fleet Street, but the Financial Times reported it at approximately 280 million pounds, or almost US$530 million.

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