Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

07Oct93 UK: CREDITORS ACCEPT WHARF DEAL - CANARY WHARF.

Canary Wharf is closer to coming out of administration, as unsecured creditors accepted up to 15p in the £1 for their debts. A further 25p in the £1 will be paid to 130 construction creditors in return for warranties to cover their work.The move means the go-ahead for the £1.8 billion Jubilee Line Extension is only weeks away.But the High Court cannot release Canary Wharf from administration, nor can the Government give the go-ahead to the Jubilee Line until after a 28-day ...

Subscribe now for unlimited access and receive...

  • The latest client and contractor news
  • Interviews with industry leaders
  • Insight into contractors’ strategies, performance and contract activity
  • Market data, industry trends and forecasts
  • Technical reports on innovation and best practice techniques

Register for guest access and receive...

  • One free article per month
  • Breaking and Daily News alerts straight to your inbox
  • Expert opinion and Editor's Comment articles
  • CN Briefings on the day's talking points
  • Picture galleries showcasing the biggest projects

Already a subscriber? Click here to sign in

Print subscriber? Activate your digital account here