An investment arm of Amundi Real Estate has made its first European commercial property investment
after purchasing a stake in 5 Canada Square.
The retail real estate collective investment scheme (OPCI) has made headway into the London market as a result of snapping up a share in the Canary Wharf offices, with the premises managed by Evans Randall.
Offering 50,000 sq m across 15 floors of space, the building is fully rented. Chief executive officer of Amundi Real Estate Nicolas Simon commented: "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."
Evans Randall has been busy of late, with the organisation purchasing Sovereign House at 227 Marsh Wall in the Docklands from AXA Real Estate for £27 million. The sale was made on behalf of a holding company, which Evans Randall has invested in alongside private investors from Saudi Arabia.
Posted by David Hudek
News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.