The new owners of Canary Wharf have declared they are looking to back the estate with investment underpinned by an eagerness to exploit the 30 acres of empty land still available for development.
The Qatari investment fund and Canadian firm Brookfield Property won over key shareholders to land Songbird, Canary Wharf’s majority shareholder, for £2.6billion.
Brookfield chief executive Ric Clark has told the Wall Street Journal that he wants to see homes, shops and offices primarily based on the Wood Wharf site.
Mr Clark told the Journal the new owners would provide “whatever [it] might need” to clear obstacles to development. “[Canary Wharf Group] can look to their deep-pocketed sponsors in order to help support the business plan,” he said.
And the deal has whetted the appetite for Brookfield in the London property market. “We’re working on a couple of other things in the city as well,” Mr.Clark said. “We have no plans to slow down.”