Savills and Deloitte Real Estate have been jointly instructed by the receivers to sell The Gherkin at 30 St Mary Axe with a price tag of at least £650m

Designed by Lord Foster, the 40-storey skyscraper opened in 2004 and is currently multi-let to approximately 20 tenants including Swiss Re, Kirkland & Ellis International LLP and ION Trading.

Stephen Down, Head of Central London Investment at Savills, said: “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 benefitted from improving market conditions over the course of the last few years. 

“Not only have we witnessed a sustained appetite from international investors for assets in London but we have seen a substantial improvement in business growth and take up of office supply as the Capital’s economy continues to improve.”

Jamie Olley, Head of City Investment at Deloitte Real Estate, added: “The Gherkin is one of London’s famous landmark buildings and the most iconic office tower in the City’s skyline. 

“For investors, this prime office property provides an attractive combination of stable and reversionary income with opportunities to add value via asset management. 

“The property will appeal to a wide range of domestic and international investors and we are confident of maximising returns to the receivers and creditors.” 

Deloitte were appointed as receivers of the building in April after the development has been defaulting on its debts for years.”

Potential buyers can register their interest by August 16 here