London’s Gherkin building will be irresistible to sovereign wealth funds, says Eversheds

Eversheds has commented on news that London’s iconic Gherkin is to be sold, describing the building as irresistible to sovereign wealth funds.

Bruce Dear, head of London real estate at Eversheds, said: ‘The Gherkin has an iconic, globally recognised physical profile, a prestigious City address and an insurance sector flavour. All of these features will make it irresistible to sovereign wealth funds, particularly those from the south-east Asia-Pacific rim and the Middle East. Expect a scrum of international bidders around this pickle jar.’