KPMG headquarters sold for £400m

KPMG has sold its Canary Wharf headquarters to Hong Kong investor Kingboard Investments for £400m. The accountancy firm has signed a 25-year lease on the 434,261 sq ft office at 15 Canada Square, E14, which will commence on completion of the deal in January. Kingboard’s last major play in the London market was in October last year when it bought WeWork-occupied Moor Place on Fore Street, EC2, for £271m. Philip Davidson, managing partner at KPMG UK, said: “We received strong interest from global investors seeking to benefit from a favourable exchange rate and acquire prime assets in London. “The deal has enabled us to capitalise on the rising property market and invest further in new technology to benefit our clients.” JLL acted for KPMG and Savills advised Kingboard.