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GLOBAL - CBRE

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Citigroup tower<br />

United Kingdom<br />

London<br />

<strong>CBRE</strong>’s London City Investment team, together with the Irish Investment team, completed the acquisition<br />

of the Citigroup Tower, 25 Canada Square, Canary Wharf for a price of £1.0 billion. The buyer was a<br />

joint venture between Derek Quinlan and PropInvest, and the property is the European Headquarters<br />

of Citigroup. <strong>CBRE</strong> has now been involved in all of the four largest transactions ever in the City /<br />

Docklands market. The occupational lease has also been restructured to a market rent providing<br />

annual RPI linked increases, with an average unexpired term of 26 years.

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