LONDON-Canary Wharf is in advanced talks with the City of London Corporation to purchase a development site located at 100 Cheapside for about GBP 25 million. The site can accommodate nearly 87,000 square feet of office development along with 13,000 square feet of retail.
The sales price breaks down to about GBP 250 per square foot. The city purchased the development site from the Irish National Asset Management Agency. The City was advised by BNP Paribas Real Estate in the deal. For the full story, go to Property Week .
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