The proceeds will be used to complete the strategic repositioning of Canary Wharf and build out additional residential and life sciences projects on the estate. It follows the successful £309 million refinancing of the Newfoundland residential property in March 2023.
CWG owns a high-quality portfolio comprising 33 highly rated sustainable properties, with 3,500 people living at Canary Wharf and over 54 million visitors last year. As of 30 June 2023, Canary Wharf Group Investment Holdings plc had £3.3 billion of net assets, £312 million cash on balance sheet as well as available and undrawn commitments of £130 million in revolving credit facilities with its relationship banks.
