UK REIT Workspace Group has confirmed it is in talks to acquire Salisbury House at Finsbury Circus in London's EC2 from Lone Star.
According to media reports, the property is on the market for a figure of around £158 mln (€179 mln), comprising a long leasehold. The price would reflect a net initial yield of just over 6%.
Lone Star acquired the multi-let property from Moorfield as part of the £1 bn 'Project Laser' portfolio in 2015.
Workspace, which specialses in London business space, has around 3.5 million ft2 (325,000 m2) of offices under management across the UK capital, serving more than 4,000 tenants. The REIT is listed on the FTSE 250 index.
