Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter