PropertyEU

Canary Wharf owner warns it could go bust as values dive

By A staff reporter 2009-03-26T00:00:00

Songbird Estates, the AIM-listed owner of more than half the buildings in London's Canary Wharf, has said there is a 'material risk' that it could breach a loan covenant within the next 12 months unless it is able to refinance a loan of £880 mln (EUR 943 mln).

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