Blackstone has gone under offer to buy Lacon House, WC1, for £90m, reflecting a 9% initial yield.
Deutsche Asset and Wealth Management is in talks with the private equity giant after a deal to sell the building for £95m to Grosvenor and the Canadian Pension Plan Investment Board failed to complete last year.
Lacon House at 84 Theobalds Road, WC1, is a 215,000 sq ft Midtown office block.
Half the building is occupied by law firm Nabarro, which is due to leave for Alban Gate next year.
Blackstone will refurbish the building before marketing the vacant space.
Jones Lang LaSalle advised Deutsche on the sale.
jack.sidders@estatesgazette.com
