PATRIZIA has acted on behalf of Link, the largest REIT in Asia, as adviser and asset manager for the acquisition of an office building located at 25 Cabot Square, Canary Wharf, London, for €420 million ($495 million).
The Cabot is a rare freehold multi-let Canary Wharf office of more than 44,000 square meters (474,000 square feet) and is widely recognized 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. The class 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 U.K. government departments.
