- 3 min
Amundi Real Estate acquires stake in «5 Canada Square», Canary Wharf, London
First acquisition in Europe for Amundi Real Estate’s retail OPCI*
Amundi Real Estate announces its acquisition of a stake in the “5 Canada Square” building in Canary Wharf, London, through its retail OPCI. The building is in the centre of Canary Wharf, London’s major business and shopping district and is managed by EvansRandall, the London based investment banking and private equity group, specialising in prime commercial real estate investment across major European centres.
The asset is fully rented and its current lease is due to expire in 2027.
Spread over 15 floors, the total surface area is 50,000 square metres and includes 92 parking lots. The building was designed by Marshall Strabala, an Associate Partner in charge of design at Skidmore Owings Merrill LLP.
Nicolas Simon, CEO of Amundi Real Estate comments: “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”.
*OPCI = Real Estate Collective Investment Scheme