CBRE Global Investors has hung a £190m for sale sign over Thames Court, EC4, after Rabobank cancelled its requirement for a new City HQ.
The Dutch banking giant has re-geared its lease at 1 Queenhithe Street, removing a break option in 2017 and committing it to the 230,000 sq ft building until 2022.
The decision has prompted CBREGi, which manages Thames Court on behalf of the Korean Public Offices Benefit Association, to put the building up for sale.
It has appointed CBRE and Savills to find a buyer for the trophy asset, quoting a guide price of £190m, reflecting a circa 5.15% yield.
Rabobank occupies around 115,000 sq ft in the building. In January 2013, it appointed DTZ to scout options for a 110,000 sq ft move.
However, in October last year the bank was hit with fines of $1bn (£662m) over its role in the LIBOR interest rate fixing scandal and the requirement was put on hold.
