‘The Gherkin’ for sale at £650m

One of London’s most iconic building will come under the hammer as the ‘The Gherkin’ has been put up for sale by the company managing it’s receivership.

Priced at around £650m Savills and Deloitte Real Estate will manage the sale.

In April this year the property was put into receivership after the lenders to the building appointed receiver Deloitte to end years of loan defaults. 

Located at 30 St. Mary Axe, the building has become one of London’s most recognisable landmarks since it was completed over 10 years ago. The 180-meter (590-foot) tower in the City of London financial district is fully occupied, and tenants include Swiss Re, which developed the Gherkin, and the UK’s Standard Chartered.