Canary Wharf Office Properties Sell For Nearly $2B

London’s Canary Wharf office complex has sold two of its office blocks, raising approximately $1.9 billion.

The Royal Bank of Scotland purchased two of the properties, 25 and 5 Canada Square. Credit Suisse First Boston leases 515,080 sq. ft. at the latter. Citigroup leases the entire 25 Canada Square office building.

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There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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