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Wells Fargo’s Brexit response? Buying in London’s financial district

Plummeting pound may have made $396 million purchase easier for San Francisco-based bank

Wells Fargo has agreed to buy a new London headquarters building, completing one of the biggest commercial real estate deals in the UK since the referendum to leave the European Union.

The San Francisco bank bought the office in London's main financial district from Slovak developer HB Reavis, which is due to finish construction on the 227,000-square-foot building in the autumn of 2017, the companies said on July 18.

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