BCP Asset Management is mulling the sale of the De Beers Jewellers flagship on Old Bond Street, W1, for circa £210m, on behalf of an overseas consortium.
The Irish asset manager has appointed Michael Elliott as an adviser on a potential sale. The building is leased to the diamond company until the end of 2021.
A prospective deal would represent a 2.8% yield. The company is thought to be paying zone-A rent of more than £1,000.
Michael Elliott declined to comment. BCP has been contacted for comment.
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