Recovery and retirement Paul Reichmann

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despite these setbacks, reichmann rebuilt small portion of empire. included setting partnership george soros, lawrence tisch , michael price, along investors such saudi prince al-waleed, purchase controlling stake in canary wharf banks made original construction loans reichmann , had taken control of development. reichmann became chairman of canary wharf again , remained until 2004.


during 2004, takeover battle began canary wharf group in reichmann sided canadian developer brascan attempt purchase of company. during process, resigned position on board. in march 2005, consortium of investors led morgan stanley under banner of songbird estates purchased canary wharf group, , reichmann therefore no longer involved canary wharf on day-to-day basis. reichmann, @ time 75, announced intended retire business , sold many of property holdings.







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