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Canary Wharf to consider Docklands estate buys

Canary Wharf will consider acquiring buildings that it no longer owns on the London Docklands site as they become available.

The company reported a fall in half-year pretax losses from £44.6m to £36.5m. It is not expected to report a profit until the full year to the end of June 2000.

The Financial Times says the company refused to comment on whether it was interested in buying the 1,030-year leasehold interest in a building currently occupied by Texaco. The building is on the market for about £97m-£100m and Texaco is believed to be interested in a sale and leaseback deal. However The Times reports that it definitely is interested in buying the site.

Financial Times 29/04/99 page 30
The Times 29/04/99 page 28
The Daily Telegraph 29/04/99 page 39

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