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Canary Wharf lures Reuters with purchase of old HQ.(Business)
From:
The Independent (London, England)
| Date:
September 24, 2003| Author:
Davy, James
| COPYRIGHT 2003 Independent Newspapers (UK) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: James Davy
THE PROPERTY developer Canary Wharf made its first foray into property ownership away from its eponymous Docklands base with a deal to buy Reuters' historic Fleet Street headquarters.
The transaction will see Reuters become the last significant media name to leave Fleet Street, when it moves into 281,000 sq ft at 30 The South Colonnade, Canary Wharf, in May 2005.
In return, Canary Wharf will acquire 85 Fleet Street and an adjoini...