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5 Canada Square

Office building in Canary Wharf, London, England

Office building in Canary Wharf, London, England

FieldValue
building_name5 Canada Square
imageExterior of 5 Canada Square.jpg
locationCanary Wharf
London,
United Kingdom
coordinates
start_date1999
completion_date2003
statusComplete
building_typeCommercial offices
architectural_stylePostmodern
roof87.70 m
floor_count16
floor_area46450 m2
architectSkidmore, Owings & Merrill
references

London, United Kingdom

5 Canada Square is a 15-storey, 87.7 m 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 46450 m2 of floorspace.

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. Credit Suisse also occupies part of the building.

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. 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.

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. In 2011, Bank of America chose to renew its lease at 5 Canada Square instead of move to another London location. The building was subsequently sold to St Martins Property Group in January 2013.

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.

References

References

  1. "Emporis building ID 100083". [[Emporis]].
  2. {{SkyscraperPage. 7058
  3. {{Structurae. 20061842
  4. "Canada Square".
  5. Tom Bill. (4 February 2011). "Bank of America Said to Keep Treasury Business at Canary Wharf". Bloomberg News.
  6. Shah, Saeed. (2002-01-10). "Credit Suisse Rents out Surplus Docklands Space". The Independent.
  7. (5 December 2003). "Canary Shares Soar on Bid Hopes". BBC News.
  8. (27 July 2007). "Property Week, Evans Randall £452m Canary Win". Property Week.
  9. (29 January 2013). "St Martins buys 5 Canada Square from Evans Randall for close to £385m". CoStar UK.
  10. (17 March 2016). "Thomson Reuters signs 350,000 sq ft deal to bring all London staff under one roof". CoStar.
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

buildings-and-structures-in-the-london-borough-of-tower-hamlets canary-wharf-buildings skidmore,-owings-&-merrill-buildings office-buildings-completed-in-2003
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