Oxford Properties and Brookfield are exploring options for London Wall Place, EC2, in a process that could lead to a £700m sale, EG understands.
As the owners work on refinancing options for the building, potential buyers are already understood to have shown interest. The developers are understood to be seeking around £450m for the larger 310,000 sq ft 12-floor building and around £250m for the smaller 190,000 sq ft 16-floor office block, reflecting a 4% yield.
Oxford Properties, the real estate arm of Canadian pension fund Omers, entered into a 50:50 joint venture with New York-listed Brookfield to develop the 500,000 sq ft scheme.
Oxford Properties and Brookfield are exploring options for London Wall Place, EC2, in a process that could lead to a £700m sale, EG understands.
As the owners work on refinancing options for the building, potential buyers are already understood to have shown interest. The developers are understood to be seeking around £450m for the larger 310,000 sq ft 12-floor building and around £250m for the smaller 190,000 sq ft 16-floor office block, reflecting a 4% yield.
Oxford Properties, the real estate arm of Canadian pension fund Omers, entered into a 50:50 joint venture with New York-listed Brookfield to develop the 500,000 sq ft scheme.
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