One of the UK’s tallest skyscrapers will next week hit the market after the decision to sell the Citigroup Centre in Canary Wharf for more than £1bn, reports the FT. Jones Lang LaSalle, the property agent, has been instructed to sell the 45-storey Citigroup tower in Canary Wharf for more than £1bn by the owners, private investors Glenn Maud and Derek Quinlan. The money will be used to repay debt that helped buy the building at the peak of the property boom. The 1.2m sq ft office tower is the third-tallest building in the UK and is rented by Citigroup. It was one of the UK’s biggest property deals when bought by Maud and Quinlan from Royal Bank of Scotland for £1bn in 2007. Months later the property market crashed, and the owners have sought an exit since last summer.
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