The landmark investment comprises 439,597 sq ft of highly specified offices in two main blocks. A third, smaller block known as 20 Little Britain will also be included in the sale.
Most of the complex is leased to Canary Wharf Limited, assigned from Clifford Chance, until March 2017 at £16,714,356 a year. The Prudential has included in the same package 20 Little Britain. This is multi-let on leases secured until 2012 and generates £762,548 a year income.
Chris Perkins, Director for London Investment at Prudential Property Investment Managers, said: 'The sale will adjust the Prudential Life Funds City weighting whilst still maintaining a substantial exposure to this market'.
The vendors are looking for offers over £203 million, which reflects a net initial yield of about 7%.
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