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Canary Wharf owner unveils biggest ever property rescue

The majority owner of Canary Wharf, Songbird Estates, revealed on Thursday the biggest-ever equity raising by a UK property company in order to pay off a loan that threatened to push the business into collapse.

Canary Wharf Signals Bottom for Asset-Backed Bonds (Update1)

June 4 (Bloomberg) -- European companies have increased purchases of their asset-backed bonds tenfold this year, taking advantage of prices that slumped 70 percent and signaling to investors that the worst of the recession may be over.

HSBC looking to cash in property assets

Financial advice 13.04.2009
 
HSBC looking to cash in property assets

Last year's repurchase of its Canary Wharf headquarters saw HSBC bank profits of around £300 million after originally selling the property for £1.1 billion in a leaseback agreement in 2007.

 
 

 




 
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