According to reports the Lloyd's of London insurance building is to be sold this week to a Commerzbank fund.
German fund manager Deka is reported to be selling the building for an estimated $502m after it bought the structure in 1996 for $350m.
The sale is part of Deka's plans to raise €700m to stabilise its property fund operations after a mass outflow of funds, including €1.7bn from its €6.1bn core German fund.
Earlier this year there were plans to sell the iconic property to privately owned Irish company Shelbourne Development. The deal collapsed because surveys found evidence of concrete cancer in the structure, this was later disputed by structural surveys.
