TITLE

Banks agree to bailout plan for Canary Wharf that creditors must OK

PUB. DATE

September 1993

SOURCE

ENR: Engineering News-Record;9/20/93, Vol. 231 Issue 12, p24

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports that a consortium of banks has agreed to bailout the bankrupt Canary Wharf office development project of Olympia & York in London, England. Terms of payment for unsecured creditors; Freezing of construction activities.

ACCESSION #

9409130091

Tags: REAL estate development -- Finance;  OLYMPIA & York Developments Ltd.

 

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