Qatar and Brookfield in talks over higher Canary Wharf offer Sources have said that there is a huge gulf between the bidders" offer and what Songbird's management believes to be fair value, considered to be upwards of 380p-a-share, which would value the company £2.8bn. Qatar and Brookfield, however, are understood to have been surprised at Songbird's swift rejection of their approach, lodged at a 25pc premium to the company's average trading price over the past year. But industry sources have said that the bidders must raise significantly raise the offer in return for gaining control of the Docklands, where 105,000 workers generate a £11.7bn boost to the UK economy, according to TheCityUK. The Qataris already owns 29pc of Songbird while Brookfield owns 22pc of Canary Wharf's estate, meaning a successful bid for Songbird would give them control of 91pc of the estate and pave the way for the bidders to collapse the existing joint board structure and strip out the management costs involved. Analysts at Green Street Advisors have said that Songbird's complicated ownership structure weighs on the company's share price and streamlining it could bmean the company is worth "as much as 20pc higher than the value on the listed market." The joint bidders have also timed their approach as the company enters its next development cycle to build the first ever residential complex in Canary Wharf which will add 3,0000 homes, a medical centre and school to the Docklands site. Songbird's 11m sq ft of undeveloped land, which could almost double the size of the Docklands estate, was recently been valued at £870m. However, the group's Wood Wharf site is not expected to be completed until 2020 and will require significant investment during an unpredictable property cycle. Canary Wharf's planned Wood Wharf development