Quinlan Private's founder Derek Quinlan and investment company Propinvest are acquiring the European headquarters of Citigroup bank in London for £1 bn (about EUR 1.4 bn). The sale of the 42-storey office skyscraper at Canary Wharf is the second-largest single-property transaction ever seen in the UK. Just three months ago, Spain's Metrovacesa surprised the UK property sector by snapping up the HSBC tower, also in Canary Wharf, for £1.1 bn in the largest single-asset property deal in the UK.
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