Qatar seeks to buy Canary Wharf financial district

Bid rejected, emirs already control much of London

07 November, 19:02

    A general view of one London's financial centres, Canary Wharf. A general view of one London's financial centres, Canary Wharf.

    (ANSAmed) - LONDON, NOVEMBER 7 - The Qatar Investment Authority (QIA) is seeking to acquire Songbird Estates, the owners of London's Canary Wharf financial district. An initial bid of 2.2 billion pounds sterling for the high-rise district overlooking the Thames made by QIA and a US investor, Brookfield Property Partners, was rejected on Friday. QIA already controls 28.6% of Songbird Estates and is likely to launch another takeover bid. Qatar has several important property holdings in London, including the Harrods department store and the Shard skyscraper, and is looking to buy others, such as the 2012 Olympic Village. Concerns have been voiced that Qatar allegedly has links with Islamic State (ISIS) jihadists, and that further ownership of property in the UK capital by the Gulf nation's investment authority should thus be avoided. (ANSAmed).

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