Strata SE1 SE1 Londoners' fifth favourite tall building, behind 30 St Mary Axe (The Gherkin), The Shard, The Leadenhall Building (The Cheesegrater) and One Canada Square (Canary Wharf). Strata SE1 Strata SE1, nicknamed "Razor" or "Electric Razor", is a , 43-storey building at Elephant and Castle in the London Borough of Southwark in London. Designed by BFLS (formerly Hamiltons), it is one of the tallest residential buildings in London and more than 1,000 residents live in its 408 flats. Strata SE1 is located on the site of Castle House, an early 1960s six-storey office building, which was the first commercial premises at
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,