Qatar looked to have won a drawn-out bid to buy London's Canary Wharf on Wednesday (Jan 28) after the owner of the landmark office quarter said its main shareholders favoured a sale. The board of Songbird, which controls 69 per cent of Canary Wharf Group, appeared to concede defeat despite stressing that the offer worth £2.6 billion (US$4.0 billion) remained undervalued. "It is now the board's...
Canary Wharf
Qatar on Thursday lodged a "final offer" to buy the owner of London's landmark Canary Wharf office quarter for US$4.1 billion. Sovereign wealth fund Qatar Investment Authority and US group Brookfield Property Partners said in a statement they have increased their bid for Songbird, a property firm which controls 69 per cent of Canary Wharf Group. The cash bid, pitched at 350-pence per share, compared...