Maud’s outfit on final shortlist for £600m 30 St Mary Axe

Wealthy private investor Glenn Maud is vyeing with an unnamed institutional buyer to acquire Swiss Re’s iconic 40-storey London tower.

Maud’s investment company, Propinvest, is on the final shortlist

of two to acquire the 500,000 sq ft (46,450 sq m) building for close to the asking price of £600m, reflecting a yield of 4.5%.

Propinvest would use a Bermudan-based investment vehicle to carry out the purchase, which is also understood to be backed by other private equity investors.

A final decision is expected tomorrow.

Swiss Re put the Foster & Partners-designed tower at 30 St Mary Axe up for sale through DTZ and Eurohypo in September.

Full details in tomorrow's Property Week magazine.