Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Qataris Make Move On Canary Wharf's £6Bn Estate

Recommended Posts

http://www.independent.co.uk/news/business/news/exclusive-qataris-to-walk-away-from-canary-wharf-joint-bid-with-canadians-9891226.html

The joint bid by Qatar and Canada’s Brookfield to win control of Canary Wharf is close to collapse, the Independent understands.

The Qatar Investment Authority (QIA) and Brookfield made a low-ball 295p a share £2.2bn approach to win full control of Songbird Estates earlier this month, which was quickly rejected.

Qatar already owns 28.6 per cent of Songbird, itself a 69 per cent shareholder in developer Canary Wharf Group, but has until next Thursday to make a firm offer.

Songbird claimed its value had swollen by almost £500m in just five months - giving it a net asset value of 381p a share - following a booming London property market, planning permission for its Wood Wharf development and major lettings to banks such as Societe Generale.

You can't fail with bricks and mortar.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   212 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.