Brookfield and the Qatar Investment Authority have committed £400M to Canary Wharf Group
Brookfield and the Qatar Investment Authority have committed £400M to Canary Wharf Group

Brookfield and the Qatar Investment Authority have committed £400M to Canary Wharf Group

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RE+D magazine
01.11.2023

Canary Wharf Group (“CWG”), the developer of the largest urban regeneration project in Europe, announced that its shareholders, Brookfield and the Qatar Investment Authority, have committed £400 million to the company by way of a £300 million equity subscription and a £100 million revolving credit facility.

The proceeds will be used to complete the strategic repositioning of Canary Wharf and build out additional residential and life sciences projects on the estate. It follows the successful £309 million refinancing of the Newfoundland residential property in March 2023.

CWG owns a high-quality portfolio comprising 33 highly rated sustainable properties, with 3,500 people living at Canary Wharf and over 54 million visitors last year. As of 30 June 2023, Canary Wharf Group Investment Holdings plc had £3.3 billion of net assets, £312 million cash on balance sheet as well as available and undrawn commitments of £130 million in revolving credit facilities with its relationship banks.