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Gherkin bought for over £700m

The Gherkin, in the City of London, has been bought by billionaire Brazilian banker Joseph Safra, in a deal thought to be worth more over £700m.

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Building had guide price of £650m

The iconic skyscraper, at 30 St Mary Axe, is known as the Gherkin because of its distinctive shape.

According to the Financial Times, the group - headed by billionaire Brazilian businessman Joseph Safra - paid £726m for the 180m high Norman Foster-designed tower.

The building was put up for sale earlier this year with a guide price of £650m.

The Gherkin: the second tallest tower in the City of London Credit: John Walton/PA Archive

The Gherkin is the second tallest tower in the City of London and the sixth tallest in London.

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