One of London’s famous city landmarks has been sold to a Brazilian Billionaire. Joseph Safra is reported to have paid more than £700 million for ‘the Gherkin’ tower, which is officially known as 30 St Mary Axe. Given the nickname ‘Gherkin’ because of it’s appearance, famous architect Norman Foster designed the building. It was completed in 2003 and opened in 2004. The structure cost £138m to build and uses about 50% less energy than a typical office building of the same size. The capital city has many skyscrapers, including Canary Wharf. Lots of worldwide businesses have Head Quarters based in them. London is famous for its transport connections to the rest of the world. On the highest level of the Gherkin, the 40th floor, there is a bar for tenants and their guests, A restaurant operates on the 39th floor, and expensive private dining rooms on the 38th floor. The building is a visible landmark for miles around, it can be seen from the M11 Motorway, which is over 20miles away. Each floor rotates slightly by five degrees from the floor below and the only curved piece of glass on the entire building is at the very top. The Gherkin won the Royal Institute of British Architects’ Stirling Prize in 2004 for its “elegant and impressive” design. The new owners, Safra, manages banking all over the world and the overall group has assets worth more than 200 billion dollars. Joseph Safra is 75 years old, and is thought to be personally worth about 15 billion dollars which is around £9.4 billion pounds.

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