Property Week - July 17, 2009
More than 15 bidders are vying to carry out a purchase and leaseback of Credit Suisse Bank’s 20 Columbus Courtyard in London’s Canary Wharf.
CB Richard Ellis is marketing the 258,314 sq ft property for around £147m at an initial yield of 6.25%, on a freehold or long-leasehold basis with a guaranteed 25-year lease to Credit Suisse Securities. There is a ‘cap and collar’ maximum and minimum rental increase of 4% and 1.5%. A shortlist of around five bidders will be drawn up this week.
Sphere: Related Content