Brookfield and QIA invest £400m in long-term commitment to CWG – 25.10.23

Investment in residential and life sciences as part of ongoing strategic repositioning of Estate

Canary Wharf Group (“CWG”), the developer of the largest urban regeneration project in Europe, announces that its shareholders, Brookfield and the Qatar Investment Authority, have committed £400 million to the company by way of a £300 million equity subscription and a £100 million revolving credit facility. 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[1], 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.

Shobi Khan, CEO, CWG, said: “This investment underscores confidence in our business plan and the ongoing strategic repositioning of Canary Wharf. We have transformed the estate into a thriving, sustainable mixed-use neighbourhood with award-winning homes, an abundance of amenities and parks, a strong and unique retail offer, and a diverse office portfolio with an expanding life sciences offer. We are confident of the opportunities ahead.”

Brian Kingston, CEO, Brookfield Real Estate, said: “Canary Wharf continues to evolve into a vibrant and diverse estate well-positioned to meet the needs of the future. As a long-term, patient investor with flexible balance sheet capital and half a century of transitioning mixed-use assets into iconic urban districts, we are pleased to continue to support CWG on its journey alongside our partners, and believe the estate holds significant long-term value creation potential.”

The Shareholders have committed £300 million in the form of equity to Canary Wharf Group Investment Holdings plc (“CWGIH”).    

In addition, CWGIH has access to a £100 million revolving credit facility provided by its ultimate shareholders and made available to Stork Holdings Limited (“SHL”) and all of SHL’s subsidiaries.  SHL is the direct shareholder of, inter alia, CWGIH.

[1] Certified under sustainability schemes such as BREEAM and Code for Sustainable Homes


For further information, please contact:

Press Office
Canary Wharf Group plc
T: 020 7418 2166

Notes to Editors

About Canary Wharf Group:

Canary Wharf Group (CWG) is the developer of the largest urban regeneration project in Europe. CWG develops, manages and currently owns interests in approximately 9 million square feet of mixed-use space and over 1,100 Build to Rent apartments. 

CWG is a large sustainable developer in the UK and has purchased 100% electricity from renewable sources since 2012 and sent zero waste to landfill since 2009. 

CWG has created a 24/7 city where people can live, work and thrive on the Canary Wharf estate and enjoy all the benefits: great transport links, access to 16.5 acres of green spaces and waterside living; and a wide range of amenities including an award-winning arts and events programme. Canary Wharf’s retail offering comprises over 70 bars, cafes and restaurants and over 300 shops, including 8 grocery stores, pharmacies and health clubs all within 15 minutes’ walk.
LinkedIn: @CanaryWharfGroup
Instagram: @canarywharflondon
Twitter: @CanaryWharfGrp / @Level39CW