Canary Wharf Group has entered into advanced discussions to buy 100 Cheapside, EC2, from The City Corporation.
Canary Wharf is thought to have been selected as preferred bidder to buy the 150-year leasehold interest in the building, which has the potential to accommodate 87,000 sq ft of offices and 13,000 sq ft of retail.
As revealed by EG last week (16 July), Canary Wharf reached a shortlist of bidders for 100 Cheapside, which also included Helical Bar, Development Securities, Greycoat and Quadrant Estates.
The asset first came to the market in May. BNP Paribas Real Estate advised on the sale.
james.buckley@estatesgazette.com
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