Jamie Ritblat’s Delancey is in negotiations to sell 40 Holborn Viaduct, EC1, to Cityhold Property AB group, a joint venture between two Swedish pension funds.
Cityhold is thought to have offered the asking price of around £150m for the 173,000 sq ft block, reflecting a 5% yield.
Delancey bought the development from a Castlemore subsidiary for more than £90m in January 2010.
The property, which is held on a 125-year lease from the Crown Estate, has Brewin Dolphin, Cap Gemini, GDF Suez, Irwin Mitchell, & Pret a Manager among its tenants.
Savills advised Cityhold; CBRE advised Delancey.
jack.sidders@estatesgazette.com
