Amundi Real Estate announces its acquisition of a stake in the 5 Canada Square building in Canary Wharf, London, through its retail OPCI.
The building is in the center of Canary Wharf, London's major business and shopping district and is managed by Evans Randall, the London-based investment banking and private equity group, specializing in prime commercial real estate investment across major European centers.
The asset is fully rented and its current lease is due to expire in 2027.
Spread over 15 floors, the total surface area is 50,000 m² and includes 92 parking lots. The building was designed by Marshall Strabala, an Associate Partner in charge of design at Skidmore, Owings & Merrill LLP.
Nicolas Simon, CEO of Amundi Real Estate comments: "This acquisition, with well-known local partners, represents a major milestone for Amundi Real Estate. As our first investment in the UK market, it demonstrates our objective and capacity to invest in 'neighboring' markets with high potential and reinforces our policy of geographic diversification in our retail OPCI".
OPCI = Real Estate Collective Investment Scheme
Source: M: Communications