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London’s Gherkin in a Financial Pickle, Goes Up for Sale

by LiveModern Webmaster last modified Aug 05, 2014 01:07 AM
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by Lori Zimmer last modified Aug 04, 2014


One of London's most recognizable modern landmarks, The Gherkin, is in a pickle of a financial situation. The modern masterpiece designed by Norman Foster fell short of finding viable tenants who could pay their debts. After owners Evans Randall and IVG failed




 

 

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One of London’s most recognizable modern landmarks, The Gherkin, is in a pickle of a financial situation. The modern masterpiece designed by Norman Foster fell short of finding viable tenants who could pay their debts. After owners Evans Randall and IVG failed to pay back their loans, the building itself, also known as 30 St Mary Axe, was turned over to financial firm Deloitte, which has listed the London landmark for a cool $1.1 billion.
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