Friday, April 25, 2014

Gherkin In A Pickle

IVG Immobilien and Evans Randall find themselves in a bit of a pickle as the Gherkin (jointly owned byu both of them) is in receivership.

The Gherkin (formal name 30 St Mary Axe) was bought by the companies in 2007 for £600M.

IVG Immobilien filed for insolvency last year, and Evans Randall has been unable to agree a new deal with IVG.

LondonlovesBusiness reports that the Gherkin is now up for a partial sale.

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