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Blackstone is considering the sale of the jewel in its central London office portfolio, the Adelphi Building.

The private equity firm has appointed Eastdil Secured and Knight Frank to consider its options on the 330,000 sq ftoffice building at 1-11 John Adam Street, WC2. The prospective asking price of around £600m for the freehold will reflect a yield of close to 4%.

No final decision has been taken and the building will most likely only formally be put on the market once some of the...