Amundi Buys Stake in Canary Wharf Asset
France-based Amundi Real Estate, which was formed from the merger of the real estate investment management operations of Crédit Agricole and Société Générale, has acquired a stake in 5 Canada Square, a 50,000-square-metre building in London’s Canary Wharf district. The acquisition was made through Amundi’s retail OPCI.
“This acquisition, with well-known local partners, represents a major milestone for Amundi Real Estate. As our first investment in the UK market, it demonstrates our objective and capacity to invest in ‘neighbouring’ markets with high potential and reinforces our policy of geographic diversification in our retail OPCI,” comments Nicolas Simon, CEO of Amundi Real Estate.