Transactions - DECEMBER 14, 2021

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Brookfield to buy Canary Wharf office HQ for €293m

by Andrea Zander

Brookfield has plans to acquire an office block in Canary Wharf in London, State Street HQ located at 20 Churchill Place, for £250 million (€292 million/$330 million).

The seller is M&G Real Estate, reported locally based outlets.

The property comprises an office building constructed in 2009 that is arranged over basement, ground and 12 upper floors. The building is approximately 301,605 square feet.

Investment flows into the Central London office market have hit £2.2 billion (€2.6 billion/$2.9 billion) since the beginning of October, according to the latest research from Knight Frank.

London’s higher-yielding office assets relative to Europe’s gateway cities continued to attract global capital. U.S. investors were the most active, responsible for 47 percent of investment deals (£1 billion/€1.2 billion/$1.3 billion), followed by U.K. investors, w

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