Songbird Estates tells City that it has had a takeover approach from the Qatar Investment Authority and Brookfield Property Partners
The Qatar Investment Authority and Brookfield Property Partners have made a joint approach “expressing an interest” in taking over Songbird Estates, the investment group that owns Canary Wharf Group.
Songbird issued a statement to investors this afternoon stating that it had received the approach.
The Qatar Investment Authority already owns 28.6% (211,746,156) ordinary shares in Songbird Estates.
Songbird said: “The board of Songbird will consider this approach in light of what is in the best interests of the shareholders in the company as a whole and in the meantime Songbird shareholders are advised to take no action.
“There can be no certainty that an offer for the company will be made.”