Financial Times FT.com

Credit Suisse to sell Canary Wharf building

By Daniel Thomas and Megan Murphy

Published: October 18 2009 23:38 | Last updated: October 18 2009 23:38

Credit Suisse has agreed to sell one of its Canary Wharf buildings to a consortium of Lebanese investors for more than £150m.

The sale and leaseback of 20 Columbus Courtyard in London’s Docklands is part of a strategy by the bank to sell non-core assets in real estate. Credit Suisse will remain in the building, having agreed a lease for 25 years on a rent linked to inflation.

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