The battle for Canary Wharf has been won by a consortium led by investment bank Morgan Stanley, concluding an 11-month bidding war.
The skies settle after a long and bitter takeover struggle
Over 60% of shareholders backed the £1.7bn offer at 295 pence a share from Morgan Stanley's bid vehicle Songbird.
Bidding rival Brascan lost out despite securing the backing of former Canary Wharf chairman Paul Reichmann.
The company had recommended Songbird's bid because the cash element was higher than Brascan's 275 pence offering.
The two suitors had been wrestling for control of Canary Wharf since last June.
The company became a takeover target when its share price took a hit after key financial services clients pulled out of Canary Wharf.
The ensuing bid war spilt Canary Wharf's biggest shareholders.
Songbird benefited from the backing of New York diamond magnate Simon Glick, while Brascan had the support of Paul Reichmann, who already knew the company inside out.
Mr Reichmann was part of a consortium that rescued the property developer in 1995 after a slump in the global property market pushed the firm into administration.
Canary Wharf turned derelict east London dockyards into London's second financial centre.
Its cluster of high rise towers are home to financial heavyweights such as Citigroup and Lehman Brothers.
Canary Wharf shares closed up 3.75 pence at 293 pence.