LONDON—Qatar's sovereign wealth fund is bidding to acquire Songbird Estates, the company that owns Canary Wharf in London's Docklands.

Working with U.S.-based Brookfield Property Partners, the oil-rich state's investment arm, the Qatar Investment Authority (QIA), made a preliminary move on the deal Wednesday. The QIA already controls 28.6% of Songbird, which boasts a property portfolio worth $10.1 billion (£6.3B), according to multiple media reports.

Qatar's bid comes less than a month after it agreed to buy HSBC's global headquarters in Canary Wharf.

Shareholders in Songbird that are being targeted are Glick Entities, the China Investment Corporation and, Morgan Stanley among others.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.