Morgan Stanley to move out of 345,500 sq ft Canary Wharf offices
Songbird Estates today announced that Morgan Stanley is to exercise its break option at 20 Cabot Square, meaning 345,500 sq ft will come to the market.
Morgan Stanley will occupy the space until February 2010 in addition to its 546,500 sq ft lease at 20 Bank Street and 448,500 freehold at 25 Cabot Square.
After taking account of the exercise of the break clause, the CWG investment portfolio would be 95.7% let.
The rent derived from 20 Cabot Square equates to 3.8% of the rental income of CWG and constitutes 4.3% by area of the CWG investment portfolio.
james.buckley@rbi.co.uk
Songbird Estates today announced that Morgan Stanley is to exercise its break option at 20 Cabot Square, meaning 345,500 sq ft will come to the market. Morgan Stanley will occupy the space until February 2010 in addition to its 546,500 sq ft lease at 20 Bank Street and 448,500 freehold at 25 Cabot Square. After taking account of the exercise of the break clause, the CWG investment portfolio would be 95.7% let. The rent derived from 20 Cabot Square equates to 3.8% of the rental income of CWG and constitutes 4.3% by area of the CWG investment portfolio. james.buckley@rbi.co.uk
