Popular News From Popular Sites: City of London's Gherkin tower put up for sale

Tuesday, July 29, 2014

City of London's Gherkin tower put up for sale

The 30 St Mary Axe skyscraper which is known locally as "The Gherkin" is seen in London The Gherkin skyscraper in the City of London has been put up for sale and the landmark building is expected to attract interest from around the world, joint agents Savills and Deloitte Real Estate said on Tuesday. The 40-storey office tower is being sold by receivers after one of its joint owners, Germany's IVG Immobilien, filed for insolvency last year. Co-owner Evans Randall said in April it was ready to invest further, but was unable to agree a new financial structure with IVG. Agents said the building, whose distinctive curved profile has been a feature of London's skyline for a decade, could fetch in excess of 640 million pounds.




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