First Names Group is to sell 16 Old Bailey in the City of London.
GVA has been appointed to handle the sale; the guide price is £79m.
This would reflect a net initial yield of 4.35%.
16 Old Bailey is a 95,000 sq ft building. The main tenant is Withers, the international law firm, who themselves occupy 75,000 sq ft. Withers has sub-let the remainder of thespace to Morgan Hunt and Quinn Emanuel Urquhart & Sullivan.
Withers has 11 years remaining on its lease, with a break option in September 2018.