Legal & General and Dutch pension fund PGGM are preparing to bring their long leasehold in a City office block back to market, after attempts to sell the asset fell through earlier this year.
Investor Art-Invest had been lined up to buy Senator House for around £70m at the beginning of the year, but the deal never closed.
Venture, the joint venture between L&G and PGGM, will now again look for offers of £70m or more for the six-storey, 192,566 sq ft, grade-A office building at 85 Queen Victoria Street, EC4, which is currently multi-let to tenants led by financial services firm Quilter.
This price tag would be a reduction on the £93m Venture paid investor Angelo Gordon for the site in 2015, which is itself a markdown on the £300m it traded for when Consensus Business Group bought it from Challenger International two decades ago.
The owners have appointed RX London to market the asset, which is expected to be brought to market in mid-January.
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