Olympia & York in trouble
Olympia & York in trouble
- 1992
- Financial Times 23 March 1992, 1,18,20; Daily Telegraph 24 March 1992, 22; .
The Bank of England has encouraged UK banks to put up emergency funding for O&Y to continue with the Canary Wharf development. The property company faces massive restructuring to finance its debts and ease its liquidity crisis, although Canada`s relaxation on foreign investment in oil will help the sale of the company`s interest in Home Oil.
CANARY WHARF
DEBTS
FUNDING
JUBILEE LINE
OLYMPIA AND YORK
PROPERTY COMPANIES
The Bank of England has encouraged UK banks to put up emergency funding for O&Y to continue with the Canary Wharf development. The property company faces massive restructuring to finance its debts and ease its liquidity crisis, although Canada`s relaxation on foreign investment in oil will help the sale of the company`s interest in Home Oil.
CANARY WHARF
DEBTS
FUNDING
JUBILEE LINE
OLYMPIA AND YORK
PROPERTY COMPANIES