PATRIZIA, a leading partner for global real assets, 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 (‘The Cabot’), Canary Wharf, London, for circa EUR 420 million.
The Cabot is a rare freehold multi-let Canary Wharf office of over 44,000 square metres and is widely recognised 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. This Grade 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 UK government departments.
“We are very pleased to work with Link on their debut transaction in the UK, highlighting our ability to execute transactions during this current time of uncertainty. Given our unparalleled local knowledge and a strong track record in Europe, we are open to further work on similar projects for a range of potential global institutional clients,” says Jamie Younger, Head of Transactions, UK and Ireland.
PATRIZIA has built a very strong track record in performing investment management services on behalf of large Asian clients. Wendy Lai, Director Capital Markets PATRIZIA Hong Kong, explains: “PATRIZIA has raised over EUR 3 billion in equity over the past few years from Asian investors offering a best in class integrated service to our clients.”
PATRIZIA has been growing its reach in recent years and now has 24 offices globally, including client relationship hubs in Japan, Hong Kong, South Korea and Australia.
Source : Company