Great Portland sells stake in City Tower

GREAT Portland Estates yesterday confirmed it has agreed to sell a chunk of its 50 per cent stake in 100 Bishopsgate to its Canadian joint venture partner Brookfield Properties for £50m. The developer is to sell a 37.5 per cent stake in the two-acre site in the City, where the firms plan to build a 40-storey skyscraper with both flats and offices.