Songbird Estates Plc , the owner and manager of most of London’s Canary Wharf district, rose the most in more than eight months after a report that Qatar’s sovereign wealth fund, its biggest investor, aims to bid for the company.
Songbird Estates Plc , the property company that controls the Canary Wharf business estate, is in talks to form a joint venture with Land Securities Group Plc to build a City of London office tower known as the Walkie-Talkie.
Songbird Estates Plc, the property company that controls the Canary Wharf financial district in east London, said full-year profit rose after it leased more space. The shares rose the most since Jan. 7.
Madison International Realty LLC bought a “small” stake in Songbird Estates Plc, the company that controls Canary Wharf, as a greater diversity of industry makes it more attractive, according to the New York-based firm’s head of European investment.
Land Securities Group Plc and Canary Wharf Group Plc formed a venture to build the “ Walkie-Talkie ” tower in London, taking advantage of a shortage of top-quality office space in the city’s main financial district.