LONDON—Qatar's sovereign wealth fund is bidding to acquire Songbird Estates, the company that owns Canary Wharf in London's Docklands.
Working with U.S.-based Brookfield Property Partners, the oil-rich state's investment arm, the Qatar Investment Authority (QIA), made a preliminary move on the deal Wednesday. The QIA already controls 28.6% of Songbird, which boasts a property portfolio worth $10.1 billion (£6.3B), according to multiple media reports.
Qatar's bid comes less than a month after it agreed to buy HSBC's global headquarters in Canary Wharf.
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