Gherkin enters receivership after defaults

London's Gherkin skyscraper has entered receivership after one of its owners filed for insolvency.

Germany's IVG Immobilien has been placed in insolvency, with private equity co-owner Evans Randall saying it is looking to buy out the firm.  Receivers Deloitte said adverse interest rates and currency movements had been the main reason for the default.  The Norman Foster-designed building, the London home of fund group Standard Life Investments, was completed in 2004, and was sold to IVG and Evans Randall in 2007 for £600m.