Deals
Owners of Citigroup’s European Base Seek $1.6 Billion Sale
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Citigroup Inc.’s European headquarters in London’s Canary Wharf were put up for sale by Glenn Maud and Derek Quinlan for more than the 1 billion pounds ($1.6 billion) they paid for the building four years ago.
The 42-story tower at 25 Canada Square generates annual rental income of 57.6 million pounds, according to a statement today from Jones Lang LaSalle, the property broker conducting the sale. The company didn’t give a specific price tag.