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Canary Wharf

Canary Wharf Group to expand even as bank crisis bites

Canary Wharf Group is pushing forward with expansion plans, in spite of the impact of the credit crunch on investment banks, the group’s main source of tenants. The group is confident that it will secure JPMorgan Chase as a key...

Senators sling some arrows of outrageous fortune

Phew. Edited by Jonathan Russell It wasn't only bankers who Senators gave a boost on Wednesday Photo: REUTERS One more vote tonight and we'll get to the fun bit of spending the moolah. Diary understands that in the spirit of...

Canadian pension fund takes Hammerson stake

27-Sep-2008

By Daniel Thomas, Property Correspondent Ontario Teachers' Pension Plan, one of the largest pension funds in North America, has taken a 10 per cent stake in Hammerson, the retail and offices property developer. The Ontario...

It's not all doom and gloom at Canary Wharf

Canary Wharf can ride out the financial storm. That may sound unlikely given one of its key tenants, Lehman Brothers, has just gone spectacularly bust and financial gloom abounds. But Songbird, the highly-geared company...

Waiter, there's a banker in my soup

Waiter, there's a banker in my soup By Chan Akya ... And a broker. And an insurer. With the American financial giants falling like flies, Asian bankers and investors must be left wondering not just about how bad things...

Canary Wharf owner says Lehman's London rent backed by AIG

LONDON (MarketWatch) -- Songbird Estates , the majority owner of the Canary Wharf Group that houses several investment banks in London, detailed its exposure to Lehman Brothers. Lehman leases 1.023 million square feet...

Commercial property

16-Sep-2008

The most visible sign yesterday of the impact of the Lehman Brothers' collapse on the commercial property market was the stream of workers carrying cardboard boxes leaving the emptying tower in Canary Wharf. Their exit...

From inner city to the corporate towers next door

When the next US bank moves to Canary Wharf, from where will it recruit the IT professionals to run its operations? Not from the commuter belt, says Howard Dawber, but from the populations of inner city boroughs such as...

American embassy in London to be listed as building of historical importance

The American embassy in London could be listed as a building of historical importance in a move that could thwart the US government's plans to either rebuild or sell up and move. English Heritage said it is considering...

Brookfield Investments Corporation Announces Second Quarter Financial Results

TORONTO, ONTARIO, August 14 / MARKET WIRE/ -- Brookfield Investments Corporation (TSX: BRN.PR.A) reported net income for the six months ended June 30, 2008 of $58 million, compared to a loss of $72 million for the same period...

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