Hot property: GM Real Estate receives takeover approach

A top property broker behind the sale of billions of pounds of landmark buildings in London has been approached over a possible takeover, the Evening Standard understands.

GM Real Estate was set up in 2010 by veteran dealmakers Tony Gibbon — known in the industry as “the animal” for his robust approach — and Tony McCurley, the former London head of agency giant CBRE.

The duo have advised on a succession of the capital’s biggest property deals, acting for the Safra Brazilian banking dynasty on its £726 million purchase of the Gherkin skyscraper and for Korean pension fund NPS on the sale of the HSBC headquarters at Canary Wharf — at £1.1 billion the UK’s most expensive office building.

It recently sold No 1 Poultry, another City landmark opposite the Bank of England designed by Sir James Stirling.

Read full story: Hot property: GM Real Estate receives takeover approach