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Standard Life to sell 50% stake in London offices

Standard-Life-sign-THUMB.jpegStandard Life is selling a 50% stake in a £460m London office portfolio.

The Edinburgh-based insurer and asset manager has appointed Strutt & Parker to market the portfolio. Standard Life will continue to manage the properties.

The headquarters of investment manager Sarasin & Partners, Juxon House, EC4, is the largest asset in the portfolio and a stake in it is being offered for £129m.

Other properties include Endeavour House, Shaftesbury Avenue, WC2, where Bauer Media is based; 10 Piccadilly, W1; 12 Charles II Street, SW1; and The Exchange, Victoria Street, SW1.

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