LONDON, April 24 London's landmark Gherkin
office tower has been placed into receivership by its creditors,
Deloitte, the accountancy firm said on Thursday, paving the way
for a sale of the skyscraper.
The Gherkin is co-owned by Germany's IVG Immobilien
which has grappled with debt issues in recent years.
Last year, it sought protection from its creditors after
failing to reach an agreement over the restructuring of its
debt. It has since agreed a debt-for-equity swap with its
"The senior lenders were reluctant to appoint a receiver but
felt they had no choice due to the ongoing defaults, which have
remained uncured for over five years," joint receiver and
Deloitte partner Neville Kahn said.
The 30 St Mary Axe building, an icon of London's City
financial district with its curved, Gherkin-like glass shape, is
the headquarters of reinsurer Swiss Re.
(Reporting by Brenda Goh; editing by James Davey)