Citigroup building Sold in 50:50 Joint Venture

The sale of the 42-storey tower in Canary Wharf by Royal Bank of Scotland marks the UK's second-largest property deal ever - ranking just behind the £1.09bn sale in April of HSBC's headquarters in the same area.

The Citigroup building at 25 Canada Square is being bought as a 50:50 joint venture between Quinlan, acting in a personal capacity, and Propinvest.

It is understood that the deal amounted to a total of €100m. The shopping centre is currently under construction and is expected to be completed by the end of next year.

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