Citigroup Smith Barney says Canary Wharf could be worth £1.4bn, roughly its triple net asset value (NAV).
But there could be potentially more than £100m of tax benefits in Canary Wharf, writes Juliana Ratner in her weekly property column in the Financial Times.
She says buyers are paying close attention to the London Docklands’ property company because of its complicated tax and stamp duty arrangements that make a purchase much more attractive.
References: Financial Times 22/08/03 page 22 (Property)
