Hong Kong food giant Lee Kum Kee could be buying London’s Gherkin skyscraper

A Hong-Kong based food giant is mulling a bid to buy the City’s Gherkin tower.

Lee Kum Kee, which sells oyster sauces and condiments, has approached the Brazilian owners of the group about snapping up the skyscraper.

The group is considering an offer for at a yield of less than four per cent and is in talks with its agents CBRE for the deal, according to the Financial Times.

In December, Lee Kum Kee bought 3 Harbour Exchange, an office building in the South Quay area of the Docklands.

Read more: Seven insane skyscrapers that could be the answer to the world’s problems

Brazilian billionaire Joseph Safra forked out more than £700m for the 180-metre tower in 2014.

Formerly known as 30 St Mary Axe, the Norman Foster-designed building was completed in 2004 for insurer Swiss Re which sold the building in 2006 for £600m.

Lee Kum Kee and CBRE declined to comment.