The Strand headquarters of Coutts Bank has been put up for sale at £168.7m by Legal & General.
The price sought by the firm for 180,480 sq ft 440 Strand , WC2, reflects a 4.5% net initial yield.
DTZ has been appointed to handle the sale of the West End block, which has been home to Coutts since 1904.
Legal & General bought the property in March as part of a portfolio of 55 assets backed by Royal Bank of Scotland, for which it paid Telereal Trillium £550m.
The offices are let to Royal Bank of Scotland Group on assignment from Coutts & Co until 17 December 2037.
joanna.bourke@estatesgazette.com
