Canary Wharf has secured a 1bn revolving real estate construction loan to finance new development. The company is currently involved in 540,000 sq.m. (5.8m sq.ft.) of construction. The revolving loan will ensure that as buildings are finished and refinanced, Canary Wharf will be able to fund new ones. The company plans to build new offices for such companies as Morgan Stanley, Citigroup, McGraw Hill, HSBC, Clifford Chance, Waitrose, The Northern Trust Company, and Credit Suisse First Boston (CSFB).
Based on a report from i-FM
