One of London’s most recognisable buildings, the Gherkin skyscraper, has been put up for sale with a price tag of about £650 million.
The 40-storey skyscraper, officially called 30 St Mary Axe, was designed by Lord Foster of the Foster and Partners architectural firm, and opened in the City of London in 2004. The landmark office building is expected to attract interest from around the world.
The Gherkin was bought from Swiss Re in 2006 for £600 million by London based investment bank Evans Randall and German real estate group IVG Immobilien. Administrators Deloitte have appointed estate agents Savills and deloitte Real estate to sell the building.
The 180-meter (590-foot) tower is recognised as one of the more distinctive skyscrapers in the financial district of London. The Foster and Partners firm has worked on such renowned buildings as the renovated Reichstag in Berlin, London City Hall, and Wembley Stadium. The Gherkin is covered uniformly around the outside with glass panels and is rounded off at the corners. Open shafts were built in between each floor that act as ventilation for the building and they require no energy for use. These open shafts allow available sunlight to penetrate deep into the building to cut down on light cost. It houses about 20 firms, including reinsurer Swiss Re, Standard Life and the City studios for Sky News.
“This is a prestigious appointment on what is a globally recognised landmark building, which sits in the heart of London’s business core. The Central London commercial property market has benefited from improving market conditions over the course of the last few years,” said Stephen Down, head of central London investment at Savills.