Tag Archives: Canary Wharf Group

Canary Wharf Group secures £360m term facility and £240m RCF

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Canary Wharf Group (CWG) has secured two fresh financing facilities together worth £600m, split equally among four of the developer and investor’s relationship banks, Lloyds Banking Group, as well as Barclays Bank, HSBC and Wells Fargo. The first facility is … Continue reading

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Bank club finances 10 Upper Bank St as CWG’s early bond prepayment triggers £170m ‘lost interest’ claim

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Barclays, Lloyds Bank and HSBC jointly provided a circa £440m five-year senior loan to finance the China Life-led consortium’s acquisition of 10 Upper Bank Street in Canary Wharf last Friday. Canary Wharf Group (CWG), which developed the 32-storey tower in … Continue reading

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Canary confirms £128m 15 Westferry Circus buy with rare MetLife whole loan

Canary Wharf Group has confirmed its £128m re-purchase of 15 Westferry Circus in the Docklands out of adminstration, financed with a uniquely highly-leveraged acquisition finance loan by MetLife. MetLife’s ownership of the B-Note under the legacy matured securitised debt led … Continue reading

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MetLife agrees complex £126m loan for Canary’s 15 Westferry Circus buy

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MetLife has negotiated a £126m three-year whole loan to finance Canary Wharf Group’s re-purchase of 15 Westferry Circus in Docklands out of administration, in an unusually highly-leveraged deal structured to burn-off the long-dated interest rate swap and prevent crystallising steep … Continue reading

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Canary Wharf to build 4.8m sq ft at Wood Wharf in coming decade

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Canary Wharf Group yesterday completed the purchase of the Wood Wharf 16.8-acre development land next to its Docklands estate on a 250-year lease for £90m, which paves the way for 4.8m sq ft offices, residential and retail development by the … Continue reading

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