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Qatari bid to buy London's Canary Wharf rejected

2014-11-07 16:16:45| Real Estate - Topix.net

Qatar suffered a rare setback in its London property buying spree on Friday when its offer to buy the company behind the landmark Canary Wharf office quarter was rejected. Songbird, the property firm which controls 69 percent of Canary Wharf Group, said in a statement that its management has unanimously rejected a joint takeover approach from sovereign wealth fund Qatar Investment Authority and US company Brookfield Property Partners.

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