Canary Wharf owner Songbird is resigned to being taken over by the Qatar Investment Authority and Brookfield Property Partners.

Songbird Estates said the 350p per share offer still under-valued the company.

But the three major shareholders in Songbird are now understood to have accepted the offer while no rival bid has been forthcoming.

Winning backing from the trio of biggest shareholders means QIA and Brookfield would control 85% of the company.

Songbird is now recommending that remaining shareholders accept the offer or face being squeezed out of the company.

A major new development by Ballymore

A short walk from Canning Town station

Est completion for phase I: 2016

Tenure: 999 year lease

Facilities: leisure club, swimming pool, residents’ lounge, concierge

Developers website: www.londoncityisland.com

Fact sheet: Fact sheet

Faraday building floorplan: faraday-building_brochure-final

Lighthouse building floorplan: Lighthouse floorplan

Montagu House floorplans: montagu_house

Orchard Building floorplans: Orchard building

Located near to the Jam Factory on Alice Street

Priced from £513,000 for a one bed apartment.

The apartments are priced between £887 psf and £1,214 psf.

One to three bed apartments.

Walking distance from train and tube stations including London Bridge, Borough, Southwark and Elephant and Castle

Close to London South Bank University and the University of the Arts London

Set to benefit from the regeneration investment of Elephant and Castle

10 years NHBC building warranty

Completion is due later this year.

Leasehold: 999 years

The payment terms are:

• Reservation £3,000 (refunded at exchange)
• 10% payable upon exchange (within 7 days of exchange)
• 5% payable six weeks after exchange.

Please note: it is Property Inside London’s policy that it does not receive or hold client money on property sales.

Our list of properties being advertised on Zoopla is available at: http://www.zoopla.co.uk/for-sale/branch/property-inside-london-london-62224/

For further information please email

CHRISTIAN@PROPERTYINSIDELONDON.COM

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+ (44) 07443 939300

Taylor Wimpey Central London has appointed Bouygues to build its £55m Paddington Exchange scheme in central London.

Work will start this month to transform a former car park into four residential blocks from eight storeys to 14 storeys high.

Four new commercial units will also be included as part of the development, which is expected to take around two years to deliver and will be handed over in three phases.

Ingrid Skinner, Managing Director of Taylor Wimpey Central London, said: “This marks an exciting step forward for our Paddington Exchange development.

“It is one of the largest and most innovative projects in our portfolio and we are very much looking forward to getting construction underway.

“The appointment of Bouygues UK reflects our commitment to forging industry-leading partnerships to create genuinely high quality and sustainable new communities across Central London.”

Bouygues UK’s Regional Director for Housing in London, John Campion, said: “This latest contract underlines our credentials and solid reputation for working with leading property developers in London.”

Source: Construction Enquirer