The 314,000-square-foot office is primarily leased to JP Morgan on a 20-year lease at roughly £11-million. The investment giant is in 10 of the 12 floors, occupying roughly 262,000-square-feet, leaving two full floors unoccupied. Canary Wharf is providing rent support for the 52,000 square feet of vacant space.
Canary Wharf has seen a fair amount of activity over the last year, with a recent sale-leaseback of HSBC's headquarters building to National Pension Service, a South Korean firm, for a price of $1.33 billion. The 42-story tower at 8 Canada Sq. has been HSBC's HQ since 2002 and was repurchased by HSBC in 2007 from the Spanish company Metrovacesa SA in a $2.2-billion sale-leaseback.
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