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17 Columbus Courtyard, Cana...

Sun Hung Kai & Macquarie Group Acquire Office Building In Canary Wharf For £110M
SOLDOffice

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

MG
Macquarie GroupBuyer

Chen Feng

HNA Group

Seller

$110M

vol

2 deals

Seller

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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