Songbird edges closer to acceptance for open offer

first_img Songbird edges closer to acceptance for open offer whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp KCS-content Monday 11 October 2010 8:55 pmcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo Show Comments ▼ CANARY Wharf-owner Songbird Estates yesterday said it had received the backing of shareholders representing 95.3 per cent of the new ordinary shares under an open offer designed to raise £140m.The new ordinary shares are expected to shortly commence dealing on the Alternative Investment Market as the company, which counts Qatar Holdings and China Investment Corporation among its largest shareholders, looks to pay down its debts.Last month Songbird said bumper demand for offices across its estate had held firm despite the lacklustre economic outlook. It reported the market value of its investment portfolio rose to £4.8bn in the half year to the end of June, reflecting a six per cent rise in adjusted net asset value of 178p a share.Proceeds from the fully underwritten open offer will be used to finance the repurchase of a £135m shareholder loan taken out at the time of a £1bn corporate refinancing a year ago.Songbird was hit by the collapse of failed US investment bank Lehman Brothers two years ago, which resulted in it losing more than £50m in lost rent on its Bank Street offices. That contributed to an 85 per cent fall in underlying half-year profits to £13.1m in the six month period. Tags: NULL Sharelast_img