Property News · August 25, 2014

For sale: the Gherkin


Iconic piece of London real estate attracts interest from 200 potential buyers and is expected to sell for more than £650mMore than 200 prospective buyers have signed up to bid for the Gherkin after one of London’s most distinctive landmarks was put up for sale.The winning bidder is expected to pay at least £650m to secure the building in the capital’s Square Mile. The Norman Foster-designed tower is being sold for the second time in its 10-year history after its current owners, private equity firm Evans Randall and German property investor IVG, defaulted on a loan. Savills and Deloitte Real Estate were appointed to conduct the sale after the building went into receivership in April. Continue reading…

Source : theguardian.com
Read more…For sale: the Gherkin