Private equity firm CIT has brought the 383,000 sq ft South Quay Plaza, E14, to the market.
DTZ has been instructed to sell the building for at least £95m, which would give a net initial yield of 10% with capital values of £245 per sq ft.
South Quay Plaza consists of South Quay Plaza II, a retail arcade and Wyndham House.
CIT acquired the development from Rosehaugh Estates in 2000 for £62m.
Occupiers include the Bank of New York, which occupies 30,000 sq ft on a 15-year lease, signed in 2000, at £33 per sq ft, and the financial Ombudsman Service.
All parties declined to comment.
jack.sidders@estatesgazette.com
