Tishman Speyer and PSP Investments have formally appointed GM Real Estate and Eastdil Secured to advise on the prospective sale of their £500m Verde office block in Victoria, SW1.
The instruction comes after EG revealed last week that the partners were interviewing agents to advise on the future of the 317,083 sq ft building.
Subject to the details of the final leasing deals, a sale at the proposed price would reflect a yield of around 4.25% and would be the largest West End deal since August 2013.
The building is currently 65% let after marketing to tenants started in March through Colliers International and JLL.
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