The Abu Dhabi Investment Authority (ADIA) has withdrawn the prestigious Edinburgh office block Saltire Court from the market after offers fell short of the £69 million asking price, according to a report in Property Week.

The report said the sovereign wealth fund put the 180,000 sq ft property — located in the shadows of Edinburgh Castle — up for sale in September through Cushman & Wakefield (C&W) at a 6.54% yield.

But despite interest from investors including Columbia Threadneedle Investments and AEW Europe, the highest bids came in at about £65 million, the report said.

The strong prospect of re-letting the building’s vacant space influenced the decision not to go ahead with a sale, the report said.

Interest has emerged in the 30,000 sq ft of space remaining in the building across two floors, which have a quoting rent of £26.50/sq ft, the report said.

ADIA bought the building from Scottish Metropolitan in 1993 for £53 million.

The building on Castle Terrace is the Edinburgh base of blue chip tenants including Deloitte, KPMG and fund managers Martin Currie.