(BuzzBuzzHome Summary) Canadian real estate mogul Paul Reichmann has given up his stake in Canary Wharf Group, thus ending a rough era at the East London development, which has become a symbol of the U.K. commercial property market.

The real estate group Songbird Estates revealed that it has increased its holdings to 69.3%, after purchasing an 8.45% position for £112.5-million from Commerzbank AG.

Sources:

The Canadian Press, Canada.com, Times Online, Financial Times, and The Globe and Mail.

Developments featured in this article

More Like This

Facebook Chatter