Arab Today, arab today canary wharf owner songbird hit by downturn
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Canary Wharf owner Songbird hit by downturn

Arab Today, arab today

Arab Today, arab today Canary Wharf owner Songbird hit by downturn

London - Arabstoday

The company also saw underlying profit before tax slump from £28.8m to £4.6m. David Pritchard, chairman, said: “In 2011 the group remained successful across all activities ranging from construction through to leasing and asset management whilst continued steps were taken to drive future growth.” The company said that while demand for prime office space in London remained subdued supply was also constrained. However it said: “Overseas real estate investors and businesses are also still being attracted to the relative stability, transparency and traditional strengths of London as a pre-eminent global business centre.” The company’s preferred performance indicator, net asset value per share, was up 1.6pc at £1.90. On a pre-tax level Songbird slumped to a £212.8m loss. The figure was hit by a £288.7m cost on the movement of derivatives. Revaluation of the portfolio also drove down profit. However the company said it was looking forward to a boost from the attention generated by this summer’s events. Mr Pritchard said: “In an eventful year both the Olympic Games and the Queen\'s Jubilee celebrations will promote London to a global audience. The Olympic Games will, in particular, place both the East End and Canary Wharf at the forefront of the world\'s attention which is likely to further enhance their respective profiles and emphasise the eastward shift of London\'s centre of gravity.”

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canary wharf owner songbird hit by downturn Arab Today, arab today canary wharf owner songbird hit by downturn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canary wharf owner songbird hit by downturn Arab Today, arab today canary wharf owner songbird hit by downturn

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday