View: What the Canary Wharf Deal Really Means for SWFs

February 04, 2015 by Loch Adamson

  • Print
  • Please login
After two months of negotiations, the Qatar Investment Authority and Canadian real estate investor Brookfield Property Partners finally got their way. On January 28, Songbird Estates, the company that owns almost 70 percent of Canary Wharf Group (CWG), the holding company for the eponymous financial district in East London, reluctantly accepted the partners’ revised £3.50-per-share takeover offer. The hostile bid for the company has been extensively covered by the media, but there’s more to this deal than meets the eye . The first question is: What do the two acquirers want with Songbird and Canary Wharf? The short answer is that both likely have big ideas for the company. Brookfield has apparently been looking to take control of the financial district since it lost out to Songbird Estates, the vehicle New York property magnate Simon Glick and funds managed by Morgan Stanley formed to take the then-London-listed CWG…

Sign-up for your free account to read this article

Get Started

Already have an account?

Log In Here

Updated Fund Profiles

Our market-leading fund profile library provides unrivalled analysis of more than 90 government and sovereign funds.

Register to read fund profiles

Recent SWF Investments

Search the database of direct investments and mandates by fund, industry and target market to identify past deals that match your requirements. Access over $1 trillion worth of transactions dating back to the 1960s.

Register to explore our data

Latest SWF News

Sovereign Wealth Center makes staying abreast of the most recent government and sovereign fund events easy. Our team undertakes a thorough review of global news feeds every morning and distills salient points.

Register for the latest SWF news
Join the discussion:

To be able to print this content,
you must be a subscriber

For details on your subscription options,
please contact: