Land Secs sells Docklands block
Land Securities has sold a chunk of its 470,000 square feet Harbour Exchange development in London’s Docklands for £37m. Property fund manager Clearbell and Morgan Stanley AIP Real Estate announced yesterday that they have bought 3 and 4-5 Harbour Exchange, a group of office buildings just south of Canary Wharf, which are home to a range of tenants including HSBC and British American Tobacco. The firms predict that Crossrail and the regeneration of the Docklands will lead to more companies renting office space in the area.