morning Welshgoat you have a point!13 Oct 2009 10:12
8/29/2009
Qatar wants to be largest Songbird shareholder
Reuters reports, "Qatar Holding LLC aims to become the largest shareholder in Songbird Estates, owner of much of London's Canary Wharf office complex, the investment arm of the Qatari wealth fund said late on Friday.
'Qatar Holding has today announced that following the proposed equity issue and loan repayment by Songbird Estates Plc ... it intends to become the largest shareholder in the company,' the group said in a statement.
Qatar's sovereign wealth fund on Friday joined China Investment Corporation to subcribe to 275 million pounds ($447.9 million) in preference shares issued by Songbird."
9/19/2009
UK Canary Wharf Group gets Qatari Fund boost
Gulf Times reports, "Qatar Holding, a strategic and direct investment arm of Qatar Investment Authority (QIA), will extend debt finance to part fund Songbird Estates’ purchase of additional 8.45% equity in the London’s realty developer Canary Wharf Group (CWG). Songbird Estates, in which the Qatar Holding seeks to be one of the largest shareholders, has invested £112.5mn in buying another 54mn shares in CWG, a leading real estate and development company with more than 7mn square feet of office and retail space. The purchase of additional stake will increase the share of Songbird, which is incorporated in England and Wales, in the CWG to 69.3% from 60.8%."