A newcomer to the UK market has pulled off the biggest London office deal of the year.
Link Real Estate Investment Trust has bought Morgan Stanley’s 25 Cabot Square HQ for £380m. It is the Hong Kong-listed company’s first foray into the UK market.
Link was created in 2005 by the Hong Kong Housing Authority and now has a market cap of more than £12bn.
The deal is being interpreted as a vote of confidence in Canary Wharf’s future, despite most staff continuing to work from home.
