5 Canada SquareEdit profile
5 Canada Square is a 15-floor office building in the Canary Wharf financial district development in London, England.Overview
5 Canada Square was completed in 2003 and is 88 metres tall with a floorspace of 46,450 square metres. The steel- framed building has an aluminum curtain wall and it features a large atrium on its south side.
The principal tenant at 5 Canada Square is the European arm and HQ of Bank of America Securities. The building is used for the bank’s global cash-management business for clients.. Credit Suisse also occupies part of the building.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.