The Brookfield Asset Management, European chairman, James Tuckey, said that the investor had no plan of selling the Canary Wharf stake in the London. Instead, plans are to raise its assets for more coverage in London’s economic center. Canary Wharf is the second largest business district in Britain and its majority owner Songbird Estates attracted the attentions of the Chinese and Qatari investors.

However, James Tuckey said that the Brookfield Asset Management will defend its fifteen percent share must Songbird get any bids from would-be purchasers.

Media reports of the QIA’s (Qatar Investment Authority) plan for a proffer to take Songbird private in the month June resulted in as much as a fifteen percent rise in intraday trading. This was rumored to be the first stage of the Qatar Investment Authority’s plan for complete control of the Canary Wharf. But, Mr. Tuckey said that that they don’t have any plans to sell their interest and are happy with their investors in the real estate and certainly, if right opportunities come along, they might look to raise their stake. As part of the plans to raise its portfolio, the Brookfield would search for the investment opportunities across the Europe, such as the Benelux, France, Spain and Germany.

Financial Post, reports say that the Britain and particularly London would be on top of the company’s main list. The investor’s plans for its European development strategy could include large-scale development, portfolio purchases and corporate takeovers. The company is a global investment entity, even though its European presence is at a considerably lower level than elsewhere. According to Mr. Tuckey, the interest in London where … the risk-reward ratio is appropriate.