When the Qatar Investment Authority first called Songbird Estates last month to say it wanted Canary Wharf, it was given short shrift. Not even last week’s sweetened bid has changed Songbird’s tune — yet.
The war for Britain’s second-largest financial district, 70 per cent owned by Songbird, began with a phone call.
The telephoned request for a meeting in early November was not unusual. The QIA, one of the world’s most powerful sovereign wealth funds, is Songbird’s biggest shareholder with 28 per cent and has two representatives on the board.
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