Credit Suisse in London property sale
11 April 2012
Investment bank Credit Suisse is looking to raise as much as £500 million by selling its property estate in London.
The Swiss firm put its building at 20 Columbus Courtyard in Canary Wharf on the market this week and is also considering the sale of its tower at 1 Cabot Square, also in Docklands.
It comes in spite of the slump in property prices - which are down some 40% since the peak in 2007 - as banks look to sell non-core assets and focus on their banking operations.
HSBC is close to selling a neighbouring tower in Canary Wharf for more than £1 billion.
