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City of London Corp. completes east London site purchase

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City of London Corp. completes east London site purchase

City of London Corp. completed the purchase of the Barking Reach Power Station site in east London from ATCO Power Generation for an undisclosed sum.

In November, the municipal governing body was selected as the preferred bidder for the 42-acre site, with a roughly £125 million bid, beating out Amazon.com Inc.

Gerald Eve represented ATCO, while the City of London Corp. was advised by Lambert Smith Hampton.