US bank JP Morgan (JPM) is set to relocate its European headquarters to London's Canary Wharf from the City after it struck a £237 mln (EUR 280mln) deal with Songbird Estates, the majority owner of the Canary Wharf Group (CWG). The financial group is buying the 999-year leasehold interest of Canary Wharf Group in a plot of land at the Riverside South site at Canary Wharf for £237 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
