History
In 2003, Royal Bank of Scotland (or RBS) bought 5 Canada Square along with 25 Canada Square, another Canary Wharf building, for a total of £1.1 billion from Canary Wharf, a major property firm that developed the facility. 5 Canada Square was originally leased by Credit Suisse First Boston but after a banking downturn and not needing the space, Credit Suisse let the space to Bank of America.
In July 2007, the building was sold by RBS to Evans Randall, a banking firm, for £452 million, making it the firm’s largest UK investment to date. In 2011, Bank of America chose to renew its lease at 5 Canada Square instead of move to another London location.
Read more about this topic: 5 Canada Square
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