Canary Wharf's Citigroup tower 'sold for £1bn'

The Citigroup tower in London’s Canary Wharf was reportedly sold today for £1bn (€1.5bn) in a deal that would mark the second largest single property transaction ever seen in the UK.

It is believed that Royal Bank of Scotland, which bought the skyscraper four years ago, has agreed to sell the building to a joint venture between Quinlan Private and PropInvest.