Morgan Stanley has compelted the £223m sale and leaseback of its Docklands office 25 Cabot Square, E14, to Hines Global REIT for £223m, reflecting a 6.8% yield.
The 455,000 sq ft building was placed under offer by Hines on behalf of its Global REIT in late January.
Morgan Stanley has signed a 15-year lease on the building.
The bank also occupies 20 Bank Street in Canary Wharf, which serves as its European headquarters.
The deal is the second major acquisition completed this year, following the purchase of Sixty London, EC1, from AXA last month.
DTZ advised on the sale. Knight Frank advised Hines.
jack.sidders@estatesgazette.com
