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Billionaire American Families Seek Profit From Brexit Chaos

  • Foreign investors are buying more office real estate in London
  • ‘Volatility causes opportunity,’ says FirethornTrust’s Mather
The One Canada Square building in Canary Wharf
The One Canada Square building in Canary WharfPhotographer: Simon Dawson
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Quay House in London’s Canary Wharf is a two-story glass box nestled among some of the tallest buildings in Europe. Its latest owners have grand plans, potentially transforming it into a hotel closer in height to its 600-foot neighbors.

The property is the first acquisition from FirethornTrust, a firm backed by two billionaire American families: the Van Tuyls, who made their fortune in auto dealerships, and the Stephens clan behind the eponymous investment bank.