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Qatar in talks to buy properties in Frankfurt, London: report

Qatar us negotiating with IVG Immobilien to acquire The Squaire, the mixed-use jewel in the portfolio of the embattled German real estate firm, Property EU has reported. A report in German magazine, WirtschaftsWoche, said that the Gulf country, acting through investment company Precision Capital, is in talks with IVG to acquire the office and hotel scheme for €850m. Qatar is also interested in buying the Gherkin tower at 30 St Mary's Axe in London for about €700m, the report said.