German fund manager AIK has put up for sale a portfolio comprising a City of London office block along with a pair of Dutch assets.
The London + portfolio is being marketed by Knight Frank, Cushman & Wakefield and Bilfinger GVA, which are seeking offers in excess of £46m.
More than half of the portfolio’s £2.8m rent roll is accounted for by 12 Moorgate, EC2, a 33,941 sq ft building let to Cazenove Capital Management.
The lease, which will be assigned to Schroders, has 7.7 years to expiry and 2.2 years to a tenant break.
The 2018 lease event is expected to appeal to value-add investors with the skills to refurbish and extend the building and increase its current low passing rent of £44.19 per sq ft.
The remaining two buildings in the portfolio are Joop Geesinkweg 901 in Amsterdam and Rivim Boulevard 101 in Greater Rotterdam.
