Brookfield is lining up a potential sale of its £320m City headquarters at 99 Bishopsgate, EC2.
The US investor, which is close to completing a takeover of Songbird Estates in a joint venture with the Qatar Investment Authority, has appointed GM Real Estate and Eastdil to explore options for a sale.
Brookfield will entertain offers for a half share in the 330,000 sq ft building, which is expected to fetch around £160m, reflecting a 4.9% yield.
However, it has not ruled out selling the building entirely, after completing its leasing programme last year.
A sale of the entire building at £320m would reflect a capital value per sq ft of £967.
Deutsche Bank, Latham & Watkins and i2 Office are the largest occupiers in the multi-let building.
Brookfield bought 99 Bishopsgate and the Principal Place development site for £329m as part of its £518m purchase of Hammerson’s City office portfolio in 2012.
It did not disclose the exact figure it paid for the individual buildings, however it is estimated to have represented roughly £279m of the total purchase price.
