LaSalle Investment Management is considering the sale of its Bankside office development site at 135 Park Street, SE1, for more than £40m.
It is understood the firm will target a select group of interested parties on a potential sale.
The site already has consent for a new 12-storey office building, granted in January. This comprises 187,022 sq ft of office space and 6,943 sq ft of separate self-contained affordable workspace.
The 0.4-acre site currently houses a four-storey warehouse with raised basement, and a three-storey 1980s office building.
Southwark has become an important development area in recent years, attracting investors including Landsec, which plans to create net zero carbon commercial buildings at 105 Sumner Street and 25 Lavington Street.
Slovakian firm JTRE also chose the area for its entry into the UK market with the purchase of the mixed-use development at 185 Park Street.
Native Land and its consortium partners Temasek, HPL and Amcorp Properties are also delivering the £1bn Bankside Yards scheme with construction starting on the first phase last year.
LaSalle did not respond to requests for comment.
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