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The Gherkin up for sale for £650m

The Gherkin up for sale for £650m

The Gherkin, one of the City's more recent iconic landmarks, has been put for sale by receivers with hopes it will reach £650 million.

Deloitte Real Estate and Savills are leading the sale of the 40 storey office block, which went into receivership in April after its German co-owner, IVG Immobilien ran into financial trouble.

IVG and Evans Randall bought the building from Swiss Re in 2007 at the height of the property market for a then record £600 million.

Designed by Lord Foster, the St. Mary Axe skyscraper is understood to be almost fully let with tenants including Swiss Re and Standard Life.

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