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Funding for New Canary Wharf Tower Secured

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Construction of a new 23 storey office block at Canary Wharf will commence early this year.

A loan of £190million has been secured by Canary Wharf group to facilitate the new build at 25 Churchill Place.

Half of the 500 sq ft commercial development has already been pre let to the European Medicines Agency which will take occupation upon completion at the end of 2014.

Canary Wharf Group managing director, finance, Peter Anderson said, “We are delighted to have concluded this facility in the current difficult financial market. It shows that with a good consortium of lenders and the right project it is still possible to raise significant construction funding. We can now start construction in early 2012 knowing we have secured all the necessary finance.”

Posted: 04 January 2012 14:27:00 by Jyoti Kareer | 0 comment(s)
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Funding for New Canary Wharf Tower Secured

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