5 Canada Square
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5 Canada Square is a 15-storey, Script error: No such module "convert". office building in the Canary Wharf financial estate of London, England.
Overview
5 Canada Square was completed in 2003. The steel-framed building has an aluminum curtain wall and it features a large atrium on its south side with Script error: No such module "convert". of floorspace.[1]
The principal tenant at 5 Canada Square is the European arm and HQ of Bank of America Securities. The building is used for the bank’s global cash-management business for clients.[2] Credit Suisse also occupies part of the building.[3]
History
In 2003, Royal Bank of Scotland (or RBS) bought 5 Canada Square along with 25 Canada Square, another Canary Wharf building, for a total of £1.1 billion from Canary Wharf, a major property firm that developed the facility.[4] 5 Canada Square was originally leased by Credit Suisse First Boston but after a banking downturn and not needing the space, Credit Suisse let the space to Bank of America.[3]
In July 2007, the building was sold by RBS to Evans Randall, a banking firm, for £452 million, making it the firm’s largest UK investment to date.[5] In 2011, Bank of America chose to renew its lease at 5 Canada Square instead of move to another London location.[2] The building was subsequently sold to St Martins Property Group in January 2013.[6]
From late 2016, Thomson Reuters is due to sublease 350,000 sq ft from Credit Suisse until 2020, consolidating all of its London operations under one roof for the first time.[7]
References
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- ↑ .Canary Wharf Group website, accessed 10 June 2011, Script error: No such module "citation/CS1".
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External links
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