Link REIT Acquires 17-Storey Office Building In Canary Wharf, London
25 Cabot Square, Canary Wharf, London E14 4 Qa, Uk
$380,000,000
$78/SF
Building Size
4,816,050 SF
Asset Type
Office
Closing
Jul 25, 2020
About this deal
AI
The 17-storey office building located at 25 Cabot Square in Canary Wharf, London has been sold in a closed transaction. The property offers 481,605 square feet of space and was sold for a price of £380,000,000, resulting in a price per square foot of £789.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £380,000,000
- Square Footage: 481,605
- Price Per Square Foot: £789
- Address: 25 Cabot Square, Canary Wharf, London
- Market: Canary Wharf, London
The seller of the property is HGR Liquidating Trust, and the buyer is Link Real Estate Investment Trust represented by George Hongchoy. The transaction was facilitated by the brokerage firm Patrizia UK Limited.
Players
London Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93