One of the biggest office blocks in the Square Mile is heading for a sale in a deal that potentially could raise as much as £500 million.
British Land is believed to have lined up Jones Lang LaSalle to market Ropemaker Place near Liverpool Street station.
The site, which used to be the home of Merrill Lynch, was developed by the listed property company in 2009 as one of the City’s largest single buildings, with 575,000 sq ft of office space.
Located next to City Point Tower, the property is fully let to tenants, including Australia’s Macquarie Bank and Bank of Tokyo Mitsubishi, and generates more than £20 million of rent a year.
Any sale would test once again the appetite of the large sovereign