Aviva Investors puts £130m West End office up for sale

Aviva Investors has put a West End office block up for sale for £130m. The insurer’s investment arm has instructed Knight Frank to seek buyers for the 37,440 sq ft building on the corner of New Bond Street and Oxford Street. Tenants include retailer Next, which has a lease there until at least next summer. The move comes as Aviva Investors focuses its efforts more on pre-led office and hotel deals.  A company spokesperson said: “We will sell properties when we can achieve an attractive return for our clients and believe the proceeds can be better redeployed elsewhere, including our strong pipeline of development opportunities in London.” Earlier this month, the City of London Corporation gave the green light to Aviva Investors’ plans for One Liverpool Street, EC2. The scheme will provide 260,000 sq ft of office space and 6,620 sq ft of retail space. To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette