London’s Gherkin skyscraper to be bought by the Safra group
By Bloomberg
The London skyscraper known as the Gherkin is being bought by the Safra Group, the banking empire controlled by billionaire Joseph Safra.
The Safra Group agreed to acquire the 180-meter (590-foot) office tower at 30 St Mary Axe in London’s main financial district from Deloitte LLP, the building’s receivers, the companies said in an e-mailed statement today. Financial terms of the deal weren’t disclosed. Joseph Safra, Brazil’s second- richest man, has an estimated net worth of $12.2 billion, according to the Bloomberg Billionaires Index.
“While only ten years old, this building is already a London icon that is distinguished from others in the market, with excellent value growth potential,” Safra Group said in the statement.
Deloitte LLP was hired by the building’s lenders to sell the Gherkin in July to end years of defaults. A fund managed by IVG Immobilien AG, once Germany’s biggest real estate company, and London-based Evans Randall Ltd. bought the building from reinsurer Swiss Re Ltd. for 600 million pounds ($954 million) in 2007.
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