Canary Wharf in 200m deal to acquire Aldersgate Building in London (UK)

Songbird Estates plc said its Canary Wharf unit has concluded a £200m plus deal to acquire leaseholds in properties in the City of London from Resolution London City.

Canary Wharf has acquired the leasehold interests in 200 and 202 Aldersgate Street (the Aldersgate Building) and 20 Little Britain, which together measure 474,000 square feet.
Canary Wharf is paying £52.2m for the properties as well as taking on £154.1m of loans that expire in 2011.

The Aldersgate Building is currently let to Canary Wharf until March 2017 at an annual rent of £22.6m.
Source: Freeman

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