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Canary Wharf Group Plc

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News and Blogs

Total : 9 View more »

Ransom strip investor accuses Canary Wharf Group of “deceit”

www.propertyweek.com | Nov 13, 2009

An investor fighting the compulsory purchase of property he owns in the London docklands...

http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3153293&c=1

Canary Wharf Group looking for acquisitions - FT | Funds | News | Reuters

www.reuters.com | Aug 30, 2009

* Looks for new acquisitions and developments LONDON, Aug 31 (Reuters) - The Canary Wharf Group is looking at new purchases and development opportunities after its majority stake owner,

http://www.reuters.com/article/fundsFundsNews/idUSLV25368020090831

Canary Wharf Group looking for acquisitions - FT

www.forbes.com | Aug 31, 2009

LONDON, Aug 31 (Reuters) - The Canary Wharf Group is looking at new purchases and development opportunities after its majority stake owner, Songbird Estates , secured an 836 million pounds recapitalisation, the FT reported on Monday.

http://www.forbes.com/feeds/afx/2009/08/30/afx6830186.html

New chapter in Canary Wharf’s long saga - Property Week

www.propertyweek.com | Sep 3, 2009

Songbird’s loan resolution with Citi does not only secure it a more sound future but should...

http://www.propertyweek.com/story.asp?sectioncode=36&storycode=3148028&c=1

News from Zibb.com

Total : 2 View more »

 

Songbird Finance to acquire additional 8.45% stake in Canary Wharf Group - Zibb.com

Sep 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Songbird Finance Limited has entered into an agreement to acquire an additional 54,007,620 ordinary shares, representing a 8.45% stake, in Canary Wharf Group plc, a real estate development company, for GBP112.5 million.

Songbird Finance, a wholly-owned subsidiary of Songbird Estates plc, will acquire the stake from Commerzbank AG, a Germany-based provider of financial services. Songbird Finance, Songbird Estates, and Canary Wharf Group are based in the UK.

Songbird Estates will fund the acquisition through a combination of an increase in the size of the ordinary equity element of the proposed share issue and with a debt facility. It is expected that the ordinary equity element of the share issue will be GBP620 million and the preference share element of the share issue will be GBP275 million. The balance will be funded from a debt facility which may take the form of a shareholder loan from Qatar Holding LLC, China Investment Corporation, Morgan Stanley Real Estate Funds, and GF Investments II, LLC.

Pursuant to the transaction, Songbird Finance will raise its stake to 69.3% in Canary Wharf Group. 

Deal Value (US$ Million) 185.62
Deal Type                Acquisition
Sub-Category             Minority Acquisition
Deal Status              Announced: 2009-09-18

Deal Participants 

Target (Company)   Canary Wharf Group plc
Acquirer (Company) Songbird Finance Limited
Vendor (Company)   Commerzbank AG

% Acquisition 8.45%

Read more...

Tags: acquisition   china   debt   equity   finance   financial services   germany   investment   qatar   real estate  

Companies: Canary Wharf Group PLC (CYWHF), Commerzbank A.G. (CRZBY), Songbird Estates PLC (SBEPF)

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Songbird Finance to acquire additional 8.45% stake in Canary Wharf Group - Zibb.com

Sep 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Songbird Finance Limited has entered into an agreement to acquire an additional 54,007,620 ordinary shares, representing an 8.45% stake, in Canary Wharf Group plc, a real estate development company, for GBP112.5 million.

Songbird Finance, an investment company and a wholly-owned subsidiary of Songbird Estates plc, will acquire the stake from Commerzbank AG, a Germany-based provider of financial services. Songbird Finance, Songbird Estates, and Canary Wharf Group are based in the UK.

Songbird Estates will fund the acquisition through a combination of an increase in the size of the ordinary equity element of the proposed share issue and with a debt facility. It is expected that the ordinary equity element of the share issue will be GBP620 million and the preference share element of the share issue will be GBP275 million. The balance will be funded from a debt facility which may take the form of a shareholder loan from Qatar Holding LLC, China Investment Corporation, Morgan Stanley Real Estate Funds, and GF Investments II, LLC. Pursuant to the transaction, Songbird Finance will raise its stake to 69.3% in Canary Wharf Group.

Morgan Stanley is acting as advisor to Morgan Stanley Real Estate Funds and N M Rothschild & Sons Limited is acting as financial advisor to Songbird Estates on the transaction. 

Deal Value (US$ Million) 185.62
Deal Type                Acquisition
Sub-Category             Minority Acquisition
Deal Status              Announced: 2009-09-18

Deal Participants 

Target (Company)   Canary Wharf Group plc
Acquirer (Company) Songbird Finance Limited
Vendor (Company)   Commerzbank AG

% Acquisition 8.45%

Read more...

Tags: acquisition   advisor   china   debt   equity   finance   financial services   germany   investment   qatar   real estate  

Companies: Canary Wharf Group PLC (CYWHF), Commerzbank A.G. (CRZBY), Songbird Estates PLC (SBEPF)

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Web Sites

Total : 5 View more »

Property Week

Property Personality of the Decade Paul Reichmann reveals the highs and lows of his UK career – including the battles to build and then retain control of Canary Wharf. James Whitmore visited him at home in Toronto. Photographs by Kathryn...

http://www.propertyweek.com/linkMatches.asp?linkcode=993

ISSUE 2 Apr- Jun 2005 EGi’s London Office Database is an online independent research service for...

www.egi.co.uk

ISSUE 2 Apr- Jun 2005 EGi’s London Office Database is an online independent research service for those active in the central London office market and provided on www.egi.co.uk.

http://www.egi.co.uk/egipost/lod/LOD%20Bulletin%20Q2%202005.pdf

Jones Day - News/Press - Jones Day advises on acquisition of Canary Wharf Group

The offer values Canary Wharf Group at approximately £5.23 billion including group debt. The company's independent directors have recommended the consortium's offer.

http://www.jonesday.com/news/news_detail.aspx?newsID=S14

Jones Day - Experience - Buyout of Canary Wharf Group

CWG put itself on the auction block in June 2003, thereby launching a dramatic bidding war that effectively ended on May 21, 2004, when MSREF announced that a majority of CWG stockholders had tendered their shares to Songbird, making its offer unconditional.

http://www.jonesday.com/experience/experience_detail.aspx?exID=S2404

Web Sites powered by Bing

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The Canary Wharf Ltd Website

canarywharf.com

The Canary Wharf Ltd website overviews this successful urban regeneration development. As London's newest business and banking district, the Canary Wharf estate includes ...

http://canarywharf.com/

Welcome to the Canary Wharf Group plc website

www.canarywharf.com

The Canary Wharf Ltd website overviews this successful urban regeneration development. As London's newest business and banking district, the Canary Wharf estate includes ...

http://www.canarywharf.com/mainfrm1.asp

Canary Wharf Group plc: Information from Answers.com

www.answers.com

Canary Wharf Group plc Contact Information Canary Wharf Group plc 1 Canada Sq., Canary Wharf London E14 5AB, United Kingdom Tel

http://www.answers.com/topic/canary-wharf-group-plc

Canary Wharf Group PLC (CYWHF.PK) Stock Quote | Stocks | Reuters.com

www.reuters.com

Start research for Canary Wharf Group PLC CYWHF.PK stock data, including stock quotes, stock trading and stock prices at Reuters.com. Read Canary Wharf Group PLC CYWHF.PK ...

http://www.reuters.com/finance/stocks/overview?symbol=CYWHF.PK