A company controlled by the Brazilian banking billionaire Safra family has been selected as preferred bidder to buy the Gherkin, EC3.
The company was selected after offering more than £710m in second-round bids last Friday.
Four parties were invited to progress to a second round of bids from an initial list of around 10 bidders.
Three parties put in second-round bids, all of which were in excess of £700m.
A price in excess of £710m would reflect a yield of below 4%; however, the final figure has yet to be finalised.
The building was put into receivership earlier this year by the five-bank consortium that financed IVG and Evans Randall’s 2007 purchase of the building for more than £500m.
Deloitte Real Estate and Savills are advising on the sale.
