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Something in the City

The New Star UK property trust has bought the UK headquarters of rival Jupiter’s parent group Commerzbank.

John Duffield-owned New Star paid £146m for the building on Gracechurch Street in the City of London.

Duffield sold Jupiter to the German banking giant in 2000, making £200m, then success-fully sued the new owners for wrongful dismissal.

An insider says: “We are looking forward to collecting the rent.”

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