OTHER NEWS - June 29, 1992

Canary Wharf Tenants Threaten Rent Strike: A group of 10 tenants that have already moved into Olympia & York Development’s Canary Wharf project in London’s docklands are threatening not to pay $4.7 million in rent, the Sunday Times said. The tenants are frustrated by lack of information from court-appointed administrators, lack of action to resolve the development’s status and the conditions of their offices, the paper said. Canary Wharf sought bankruptcy court protection from creditors May 28, closely following a similar action by O&Y; in North America.