Almacantar has appointed agents to sell its WeWork-let office in Soho at 125 Shaftesbury Avenue, WC2.
Cushman & Wakefield and CBRE have been instructed to seek offers in excess of £286.5m for the 190,000 sq ft building. The asking price reflects a net initial yield of 4.25%.
The building is majority let to WeWork on a 20-year lease.
Almacantar’s process to find a shareholder or potential buyer for the £2bn business, is ongoing. However, it continues to consider the selective sale of single assets.
Earlier this month it agreed a deal to sell the Grade II listed Midtown office block, CAA House, WC2, to Seaforth Land, backed by QuadReal for £165m, in a deal first reported by EG.
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