CBI’s £500 million City HQ touted for sale in Asia
THE CBI could soon have an Asian landlord as its £500 million headquarters in the heart of the City is touted for sale.
Agents CBRE and Savills are touring Asia this week looking for a buyer for Cannon Place, owned by US property firm Hines.
The building is 80% full following the latest letting to the Bank of London and The Middle East, which joins tenants including law firm CMS Cameron McKenna.
The CBI moved in from Centre Point last year.
The sale of Cannon Place, initially slow to find tenants after completion in 2011, is the latest in a clutch of major deals which have underlined the buoyancy of London’s commercial office market as overseas money buys in.
Cathay Life bought the Walbrook Building for £575 million this year while Indonesia’s Sinar Mas spent £280 million on the Alphabeta building at Finsbury Square.
Gerald Ronson’s 110 Bishopsgate is set to be sold to Chinese insurer Anbang for £800 million.
