Aberdeen Standard Investments has withdrawn its listed Manchester office building, Sunlight House, from the market.
The investor put the Grade II building, which provides 209,428sq ft of office space, up for sale last month.
ASI was seeking offers in excess of £54.3m. This reflects a net yield of 6% and a low capital value of £260 per sq ft (including car parking).
However, it has since been withdrawn by the investor.
Its major tenants include Travel Jigsaw, who occupies five floors of the building (which total 62,057sq ft), Secretary of State for Communities and Local Government (33,516sq ft), Booking.com (4,483sq ft), and Bannatyne Fitness (45,542sq ft).
ASI recently completed a £4m refurbishment of the offices, which was once Manchester’s tallest building when it was completed in 1932 and the city’s first speculative office development.
CBRE was appointed to sell Sunlight House for ASI.
ASI declined to comment.
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