Link, advised by Patrizia, has acquired an office building located at 25 Cabot Square, Canary Wharf, London, for circa €420m. The Cabot is a rare freehold multi-let Canary Wharf office of over 44,000m² and is widely recognised as a well-established landmark in the capital city. The building is located in the heart of Canary Wharf and benefits from outstanding connectivity to London’s extensive transport network. This Grade A asset which underwent extensive refurbishment and extension work over six years to March 2020 offers highly stable and secure rental income backed by strong tenants such as Morgan Stanley and UK government departments.
"We are very pleased to work with Link on their debut transaction in the UK, highlighting our ability to execute transactions during this current time of uncertainty. Given our unparalleled local knowledge and a strong track record in Europe, we are open to further work on similar projects for a range of potential global institutional clients,” said Jamie Younger, Head of Transactions, UK and Ireland.
Wendy Lai, Director Capital Markets Patrizia Hong Kong, explained: “Patrizia has raised over €3bn in equity over the past few years from Asian investors offering a best in class integrated service to our clients.”