Gherkin Tower in Receivership Seen Drawing Lines of Buyers
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International investors will be lining up to bid for London’s iconic, cucumber-shaped skyscraper known as the Gherkin after lenders to the building appointed receivers yesterday to end years of defaults.
“Brokers will be salivating at the change of ownership of this one; it’ll be well bid,” JPMorgan Chase & Co. analyst Tim Leckie said by phone. Investors “want big-ticket size, they want a core location and they want a good tenant on a long lease and the Gherkin fits the bill.”