REAL ESTATE
<i> Times Staff and Wire Reports</i>
Bids to Be Made for London’s Canary Wharf: Canadian real estate developer Paul Reichmann said he is leading an international investment group to bid for London’s massive Canary Wharf project. The investor group also includes the CNA Financial Corp. insurance company and Mutual Series Fund Inc. No details on the value for an offer were given and a spokesman for Reichmann in New York did not return phone calls. With the bid, Reichmann is trying to regain control of the development, which sent his Olympia & York real estate empire into bankruptcy in 1992 as commercial property prices plunged. Canary Wharf is now owned by a consortium of 11 banks headed by Lloyds Bank.
