The Financial Times is reporting that a co-owner of the Gherkin, Evans Randall, is among the companies competing for the opportunity to own one of London’s premier landmark buildings. Together with Deutsche Fonds’ IVG EuroSelect 14fund, the building’s current owners ran into trouble on the GPB 395m loon they took out from German banks to finance its purchase. The building is currently in receivership and is being sold by Savills and Deloitte Real Estate. The FT reports heavy competition from over 200 bidders will make it a difficult asset to catch.
