Aerium has instructed CBRE to sell the leasehold of 1 Wood Street, EC2, for £190m – a 4% yield.
The 184,184 sq ft building is let to Eversheds on a lease expiring in 2024.
Rental income from the building is £46.90 per sq ft, equating to a passing rent of £8.7m pa.
The yield is due to rise above 5% upon a 2018 rent review.
Financial services firm Nord LB sublets 23,000 sq ft from Eversheds.
Aerium purchased the building through its Glenn Arrow Fund for £105.5m from Land Securities in 2009.
It subsequently sold the building to Korean insurance company Hanwha Life in 2012 for £143.5m but continued in the role of asset manager.
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