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

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SOLD
$110,000,000

Uk

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Office198,000 SF
Sold 07/08/2020
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SOLD

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

17 Columbus Courtyard, Canary Wharf, London E14, Uk

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Office198,000 SF
Sold 07/08/2020
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Summary

Asset Type:Office
Price Per Square Foot:$555
Total Square Footage:198,000 SF
Transaction Type:Sale

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

BUYER

2 deals$110M volume
SELLER

Details

SOLD
IMAGE: IMAGE: Chen Feng⁠ DATE: 07/09/2020⁠ ADDRESS: 17 Columbus Courtyard⁠ MARKET: Canary Wharf, London⁠ ASSET TYPE: Office⁠ SALE PRICE: £110,000,000⁠ SF: 198,000 / PPSF: £556⁠ SELLER: HNA Group – Chen Feng⁠ BUYER: Sun Hung Kai & Co and Macquarie Group⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$390,806.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$521,456.12
Annual Debt Service$6,257,473.43