Savills is marketing Bank of America’s headquarters building at 2 King Edward Street.

The 585,000 sq ft (54,347m2) freehold building is leased to Bank of America Merrill Lynch for a further ten years, subject to annual uplifts to RPI with a collar and cap of 0% and 5.0%, respectively.

The owner Norges Bank Investment Management is seeking a price of c.£750m, reflecting a net initial yield of 4.00% and a capital value of £1,282 per sq ft overall.