DWS Group is to put Capital House in the City of London up for sale with a price tag of circa £145m.
The firm is understood to have appointed JLL to find a buyer for the nine-storey building located at 85 King William Street, EC4, between Bank and Monument underground stations.
The building comprises around 110,000 sq ft of office space and is currently let to several tenants including Alpha Bank London, IT consultant GRT UK, law firm Beale & Company, Brookfield Financial, Mercury Pharma and DTZ Investors.
Deutsche Bank’s asset management arm acquired the building in 2010 from Commerz Grundbesitz Investmentgesellschaft, according to Radius Data Exchange, for £92m, reflecting a yield of 5.9%.
DWS and JLL have declined to comment.
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