Baltic Exchange (building) stopped insisting on a full restoration. What remained of Exchange Hall was completely razed in 1998 with the permission of the planning minister John Prescott over the objections of architectural preservationists, including Save Britain's Heritage, who sought a judicial review of his decision. The site, together with that of the Chamber of Shipping at 30–32 St Mary Axe, was used to built 30 St Mary Axe, commonly referred to as "The Gherkin". The stained glass of the Baltic Exchange war memorial, which had only suffered superficial damage in the bomb blast, has been restored and is in the National Maritime
30 St Mary Axe for sale with a price tag of £600 million. Potential buyers included British Land, Land Securities, Prudential, ING, and the Abu Dhabi royal family. On 21 February 2007, IVG Immobilien AG and UK investment firm Evans Randall completed their joint purchase of the building for £630 million, making it Britain's most expensive office building. Swiss Re booked a gain of more than £300 million from the sale. The new owners are seeking compensation from four of their former managers on the deal, in which about £620 million was paid for a building with a build cost of about £200 million,