Sun Hung Kai & Macquarie Group Acquire Office Building In Canary Wharf For £110M
17 Columbus Courtyard, Canary Wharf, London E14, Uk
$110,000,000
$555/SF
Building Size
198,000 SF
Asset Type
Office
Closing
Jul 8, 2020
AI
The office property located at 17 Columbus Courtyard in Canary Wharf, London has been sold for a total price of £110,000,000. The property spans across 198,000 square feet, resulting in a price per square foot of £556. The seller of the property was HNA Group, represented by Chen Feng. The buyer of the property was Sun Hung Kai & Co and Macquarie Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: £110,000,000
- Square Footage: 198,000
- Price Per Square Foot: £556
- Address: 17 Columbus Courtyard, Canary Wharf, London
- Seller: HNA Group - Chen Feng
- Buyer: Sun Hung Kai & Co and Macquarie Group
This transaction involved prominent individuals and companies in the real estate industry. The seller, HNA Group, was represented by Chen Feng. On the other hand, the buyer consisted of Sun Hung Kai & Co and Macquarie Group. The sale of this office property signifies a significant investment opportunity in the thriving market of Canary Wharf, London.
Players
Market 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93