London Calling: Link Acquires The Cabot
Link announced in July its acquisition of The Cabot
a 17-storey grade A office building in London, for £380 million. As Link’s first acquisition in Europe, The Cabot is a freehold property strategically located in Canary Wharf, one of Central London’s primary business destinations. To learn more about the asset, this issue of Channel 823 invites Tanita Woo from Link’s Portfolio Strategy and Corporate Finance Department to tell us about the property.
Enjoying scenic views of the River Thames, the Canary Wharf cluster was one of the busiest piers in the world in the 19th century. Since the 1990s, it has evolved into the home of a diverse range of start-ups and corporates, entrepreneurs and financial institutions, public and private entities, and retail and service providers. The new CBD is young, energetic and sustainable with a lot of environmentally friendly measures and green features.
“The Cabot enjoys excellent connectivity, with metro and light rail stations all within a 6-minute walk. The office building will become even more convenient for workers when the Canary Wharf Crossrail station opens in 2021, as Canary Wharf will be just two stops away from the City via the new Elizabeth Line, and will be directly linked to Heathrow Airport.
“The Cabot was completed in 1991 and has completed extensive refurbishment prior to Link’s acquisition. The office building now presents a refreshed look with an upgraded interior. and extended terrace space on the upper floors. It is currently housing reputable tenants, including a global investment bank and two UK Government-backed bodies.
“Canary Wharf is poised to be an even more vibrant and self-sustainable neighbourhood in the years to come, as there is increasing development of residential, leisure and retail space in the area, such as Wood Wharf District. This is very attractive to executives who value convenience.”
