One of the most iconic buildings in the London skyline – Gherkin tower, has been put up for sale and is expected to reach £650 million plus ($1.1 billion). Savills and Deloitte Real Estate are expected to be the agents, according to a source. This building, formally known as 30 St Mary Axe and designed by Norman Foster was put into receivership in April after one of the owners was placed in insolvency. But the owners’ financial problems aren’t reflected in the building interior or exterior, and Stephen Down, head of central London investment at Savills, said, “It’s in very good order,” according to the Guardian. Reportedly the vintage building is expected to be snapped by an overseas buyer, most likely an Asian.
The 505,000-square-foot Gherkin isn’t the only prominent office building that’s up for sale in London at the moment. The HSBC tower in Canary Wharf is also up for sale, and is expected to reach £1 billion plus, which would make it the biggest ever sale of a single building in the U.K.