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In a joint venture, Land Securities and Canary Wharf Group have completed on an agreement to build the ‘Walkie-Talkie’ skyscraper, located at 20 Fenchurch Street.  In the period May t ...
Land Securities and Canary Wharf Group Strike Deal on the Walkie-Talkie
The redevelopment of Battersea Power Station is more likely to go ahead after Irish owners Real Estate Opportunities (REO) secured a deferment of their loan repayments. After purchasing the power stat ...
Battersea Power Station receives financial reprieve
REIT Hammerson has purchased an office building that previously formed part of billionaire Syrian Simon Halabi’s White Tower portfolio. The Leadenhall Court building, on the corner of Leadenhall ...
Hammerson buys Halabi's White Tower building
Commercial property in London worth upwards of £500 million has been placed on the market as Syrian billionaire Simon Halabi seeks to settle an enormous bill for loans and unpaid taxes. The sel ...
 Pressure from huge bills hits Halabi portfolio
London-based property developer Minerva have successfully managed to restructure £750 million of debt, gaining two years of breathing space in the process. Having been particularly badly hit by ...
Developer Minerva secures major debt restructuring
Songbird Estates has been saved from bankruptcy by the world’s largest sovereign wealth fund, the China Investment Corporation.Songbird is the majority owner of Canary Wharf, the huge developmen ...
China Investment Corp takes up Songbird share issue
Property development and investment group Hammerson have announced the departure of their CEO, John Richards.The news coincides with the release of poor business results; losses for the group doubled ...
Hammerson losses mount as chief executive leaves
Ratings agency Moody’s has warned that the Citypoint tower in London is valued at far less than the cost of its loan, which is ‘very likely to default either during its term or on its matu ...
Citypoint Tower 'in negative equity'
Land Securities, the biggest property company in Europe, has completed its sale of 1, Wood Street, to the fund manager Aerium Finance. The London property houses over 175,000 square feet of office spa ...
Land Securities sells One Wood Street
Billionaire property tycoon Simon Halabi has reportedly defaulted on £1.15 billion of loans on his London property portfolio. Prices for commercial property in the capital have fallen by around ...
Tycoon Halabi 'defaults on giant loan'