Nordea Property Investment has instructed JLL to sell the freehold interest in 77 Fulham Palace Road, London W6, for £69.5m or more.
The price reflects a net initial yield of 7.45%.
The three-acre office estate houses the UK headquarters of publishers Harper Collins, which leases 120,000 sq ft and is expected to vacate at the end of its leases in 2015 and 2016, creating an opportunity for refurbishment.
The195,000 sq ft, asset has never been traded since its construction in the early 1990s.
Nordea Property Investment is the real estate investment arm of Nordic and Baltic financial services group, Nordea.
sophia.furber@estatesgazette.com
