Royal London Asset Management and Malory Clifford’s Blackfriars Investments have appointed DTZ to sell the 300,000 sq ft Palestra development on London’s Southwark, SE1.
The agent will seek offers in the region of £220m, reflecting a yield of 5.2%.
The iconic development at 197 Blackfriars Road is let in its entirety to Transport for London until August 2026.
It produces an annual rent of £12m pa, equating to £39 per sq ft.
jack.sidders@estatesgazette.com
