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Credit Suisse in building sale

Swiss bank Credit Suisse has struck a deal to sell one of its Canary Wharf buildings to a group of investors for &pound;150m.<br /><br />The consortium, which is understood to be led by Monaco-based M1 Real Estate, beat over 25 rival bidders to secure 20 Columbus Courtyard in the Docklands.<br /><br />Credit Suisse is in the process of selling non-core assets in real estate, and it has agreed a 25-year rental lease with the buyers. It is also said to be looking into the sales and leaseback of One Cabot Square, though it has not put it on the market yet.