| A joint venture between Qatar’s sovereign wealth fund and Canadian developer Brookfield Property Partners is poised to take control of Canary Wharf for $4bn after the three largest shareholders in the present owner, Songbird Estates, accepted the deal.
Songbird conceded defeat after New York investor Simon Glick, the China Investment Corporation and Morgan Stanley said they would support the deal. As the Qatar Investment Authority (QIA) is the largest shareholder with 29% of Songbird’s shares, the deal had 86% support...............................................Full Article: Source
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