The Strand headquarters of UK private bank Coutts is for sale as part of a £475 million ($760 million) portfolio of properties occupied by Royal Bank of Scotland, according to media reports.

The portfolio comprises 55 properties let to RBS until 2037. It is being sold by Telereal Trillium, the property company of the London-based Pears family.

The sale is the majority of a portfolio of 63 properties acquired by Telereal in a £800 million sale-and-leaseback in November 2007. Other historic properties are nearby Drummonds' on Trafalgar Square and Child & Co on Fleet Street.

CB Richard Ellis will advise on the sale; Graeme Hunter, property director, is reported as saying: "We have had regular inquiries from many parties interested in acquiring single assets. Since the summer, however, the level of interest in a larger portfolio transaction has increased dramatically and as such we see the time as being right to test the market's appetite."