LONDON, July 29 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
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 ($1.09 billion).
Jamie Olley, Head of City Investment at Deloitte Real
Estate, called the Gherkin "the most iconic office tower in the
City's skyline", adding: "We are confident of maximising returns
to the receivers and creditors."
Designed by architect Norman Foster and located at 30 St
Mary Axe in the City of London financial district, the tower
houses about 20 firms, including reinsurer Swiss Re.
($1 = 0.5897 British Pounds)
(Reporting by Paul Sandle; Editing by Ruth Pitchford)