RBS ‘close to selling £145m London office’

Royal Bank of Scotland has agreed to sell one of its London office buildings to a division of Quebec’s government pension manager for slightly less than the £145 million asking price, according to a report by Bloomberg.

RBS is leaving the building as part of a £750 million savings plan, CEO Ross McEwan said on an earnings conference call in April.

The buyer of the Premier Place building near London’s Gherkin skyscraper is Ivanhoe Cambridge, an arm of the Caisse de Depot at Placement du Quebec, the report said.

RBS vacated its 135 Bishopsgate building near Premier Place and sold another building in the Aldgate district last year after subleasing a property on London’s South Bank in 2014, Bloomberg reported.