CSFB Considering Sale Leaseback of London Buildings?

Estates Gazette reports that CB Richard Ellis has been appointed to advise Credit Suisse First Boston on the bank's property strategy. CSFB may consider a £500m-plus sale and leaseback of the 540,000 sq ft 1 Cabot Square and the 167,000 sq ft 20 Columbus Courtyard in London. Recent Canary Wharf sales have achieved an average yield of around 5.6%. Sphere: Related Content