Jones Lang LaSalle has been instructed as the sole agent to sell the freehold interest of 25 Canada Square located in the heart of London's Canary Wharf. Offers in excess of £1 billion are being sought on this iconic, 1.225 million-ft² (approx. 114,000-m²), 42-story office tower which, at 200 meters, is the third tallest building in the UK and is visible across the London skyline.
Prospective purchasers could expect the annual income return on the initial investment to reach nearly £70 million within 10 years and over £100 million within 20 years.
Jones Lang LaSalle's City Investment team, who are managing the sale of 25 Canada Square, expect investor interest in the sale of this landmark office building to come from all corners of the globe as well as UK REIT's, Insurers and Annuity funds as non-domestic investment continues to target the coveted London real estate market.
Source: Jones Lang LaSalle