UPDATE 1-DEALTALK-Qatar needs charm, lavish bid to cage Songbird | Reuters

Qatar will have to charm demanding shareholders and stump up a big premium if it wants to add London business district Canary Wharf to a UK investment shopping spree as the capital's prime office market rebounds.

Qatar Investment Authority's (QIA) chances of making a successful tilt for the 76 percent of Songbird Estates (SBDE.L) it does not own rest with New York investor Simon Glick with 23.95 percent of Songbird, China Investment Corp [CIC.UL]. (CIC) with 14.7 percent, and Morgan Stanley (MS.N) with 3.1 percent.

The stake is tipped to carry a price tag of 700-850 million pounds ($1-1.3 billion). One top-10 investor put it above that range, valuing the shares at more than 200 pence each, which would give 76 percent of the company a price tag near 950 million pounds.