Categories: Property

Qataris pledge to expand Canary Wharf after buying it for £2.3 billion

Yesterday the £2.6bn takeover of Canary Wharf was confirmed by officials.  With its new owners, Brookfield and Qatar’s sovereign wealth fund.

Ric Clark, the chief executive of Brookfield, said: “Canary Wharf remains one of the most treasured property estates in the world. We look forward to working with Qatar Investment Authority and the Canary Wharf Group management team to advance the substantial development pipeline, and to realise the full potential of the site for our tenants, stakeholders and the people of London.”

Sheikh Abdullah bin Mohammed al-Thani, the chief executive of QIA, said the new owners would pursue “further expansion through the creation of a sustainable, mixed development comprising offices, homes as well as retail and leisure space”.

Image credit – Charlie Harris, Unsplash

British Muslim Magazine

The adventurous spirit behind the pages of British Muslim magazine. As the Editor-in-Chief, Natasha leads with a passion for exploration and a pen dipped in wanderlust. With a keen eye for halal travel experiences and an insatiable curiosity for new experiences, she brings readers along on captivating journeys to far-flung destinations. Through her vibrant storytelling, Natasha invites readers on enriching adventures, where every experience is a window into the muslim world.

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