Friday, May 08, 2009

Credit Suisse Seeking £147 Million Sale Leaseback of Canary Wharf Tower

Property Week - May 6, 2009

Credit Suisse has instructed CB Richard Ellis to market the sale and leaseback of 20 Columbus Courtyard in Canary Wharf with a price tag of around £147m.

This equates to a yield of 6.25%, or around £37.50/sq ft. It will rent the building back for 25 years with an annual Retail Prices Index-linked rent, set with a ‘cap and collar’ of 4% and 1.5%. Sphere: Related Content

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