Look up......look wayyyyyyy up.Class A baby! Mon ami.
Qatar? Do they have money? Where from?
Mulqueen says the 15.2% vacancy rate in the offices is high, but says that figure takes in the entire estate, while across the primarily Grade A offices owned by Canary Wharf Group vacancy is sub-8%.
Safina Mirza, director of communications at Canary Wharf, adds: "The picture is not as black and white as is reported some times."
The figures have been boosted by recent large tenant commitments including Barclays extending its lease until 2039, and Citibank committing to investing £100 million to upgrading its offices at 25 Canada Square.
In October Canary Wharf Group announced that its shareholders, Brookfield and the Qatar Investment Authority, had committed £400 million to the estate by way of a £300 million equity subscription and a £100 million revolving credit facility. The proceeds are being used to complete the strategic repositioning of the estate and build out additional residential and life sciences projects on the estate.
https://www.costar.com/article/844198953/morgan-stanley-commits-to-canary-wharf-as-london-estate-fights-back