Major Canary Wharf landlord looks to raise new capital

08/31/2009 | Wall Street Journal, The · Bloomberg

The biggest property owner in London's Canary Wharf, Songbird Estates PLC, announced plans to raise fresh equity from sovereign wealth funds in Qatar and China. The owner of a roughly 61% stake in Canary Wharf Group PLC said it intends to avoid violating debt covenants secured by Canary Wharf assets by repurchasing the debt.

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Wall Street Journal, The · Bloomberg

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