COMPANIES The Canary Wharf Group is poised to return to the property market looking for new acquisitions and development opportunities, following an £836m recapitalisation of its majority owner.
Songbird Estates’ fundraising, agreed on Friday, was backed by a consortium led by the Qatari sovereign wealth fund. Qatar Holding headed a group of investors that will underwrite the £836m equity raising to pay back a Citigroup loan, freeing Songbird from a potential debt crisis.
