Carlsberg Group is reportedly planning to divest the former Tetley Brewery site in Leeds, West Yorkshire, UK, for £35m.
"We hope to be able to announce the successful purchaser prior to the end of 2015."
The company, till date, has received interest from 11 potential buyers.
The bidders, which include Leeds City Council, Asda and Ikea as well as other property developers and investors, are expected to submit their bids by 21 July 2015.
A company spokesman said: "Five years on, we have commenced a process to select a purchaser for the site who will be able to take forward the site's redevelopment.
"We recognise the potential of the site and its important location within the Leeds South Bank area."
Image: Tetley's brewery in Leeds, West Yorkshire. Photo: courtesy of Mtaylor848/Wikipedia.