The London landmark is expected to fetch up to £650m

London’s iconic Gherkin building has been put up for sale and is expected to fetch between £600m to £650m.

The 40-storey City skyscraper was put into receivership in April, and the agents appointed to sell it said it was likely to be snapped up by an overseas buyer.

Savills and Deloitte Real Estate have been jointly instructed to sell the 46,900sqm office building, designed by Lord Foster and opened in 2004.

The building has about 20 tenants, including insurer Swiss Re, which originally owned the building.

German firm IVG and Evans Randall bought the tower from Swiss Re in early 2007 for £600m, which set a record at the time for a building in the City and was considered overpriced.

The tower’s lenders called in Deloitte after the owners failed to strike a restructuring deal over its mounting debt pile.

Savills head of central London investment Stephen Down said several parties had already registered their interest, and added that he anticipated they would be looking to close the deal by the end of September or the beginning of October.

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