Qatar fund set to buy Canary Wharf -paper | Reuters

Qatar's sovereign wealth fund is set to take over Songbird Estates (SBDE.L), owner and manager of much of Canary Wharf, as the Gulf state expands its growing London property portfolio, the Times reported on Friday.

Qatar Investment Authority (QIA) plans to spend more than $700 million to buy the 76 percent of Songbird it does not already own, the paper said. Songbird's two top shareholders are currently Qatar and China's wealth funds.

QIA is one of the world's largest sovereign wealth funds with an estimated $60 billion or more in assets under management.