A major City building is being put up for sale for more than £100m today, City A.M. can reveal.
One Bartholomew Lane, which is located opposite the Bank of England in the heart of the Square Mile, currently houeses South Korea’s sovereign wealth fund and the Agricultural Bank of China (one of China’s three largest banks).
The sale of the office block, which comes six years after One Bartholomew Lane was purchased by a Korean wealth fund for £75m, is likely to attract a number of Asian investors, which have poured record levels of money into the City so far this year.
Ross Blair, head of the real estate firm Hines UK that is selling the property, said: “There will undoubtedly be strong appetite from investors, and we look forward to opening dialogue with interested parties in the coming weeks.”
Stephen Pearson, executive director of CBRE capital markets, added that the company is “anticipating a strong level of interest.”