Canary Wharf Group Gets £400 Million Injection From Brookfield and Qatar
- Group faces a bond maturity in 2025, notes trading at discount
- Group gets £300 million equity injection and £100 million loan
The Canary Wharf business district in London.
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Canary Wharf Group, the developer of London’s dockland financial district, has received a fresh equity injection from its shareholders, as the area contends with high profile departures and a shift to working from home.
Brookfield and the Qatar Investment Authority have committed to a £300 million ($364 million) equity injection for the firm as well as a £100 million revolving credit facility, according to a press release from the firm on Wednesday.