Canary Wharf Group chief executive George Iacobescu was one of the top earners in the quoted property sector last year, picking up £3.68m

The payment, which was three and a half times the £1.05m he took home the previous year, was revealed in the group’s report and accounts for 2006.

The accounts also reveal a potential multimillion pound payday for Iacobescu from share options in Canary Wharf's parent, Songbird Estates, which expire in September.

Iacobescu has 439,970 options. Peter Anderson, the group’s managing director of finance exercised his 379,975 options on 2 May last year, receiving a pretax amount of £929,456.

Iacobescu’s pay and bonus came after a very strong year for Canary Wharf Group, during which it increased its net asset value by 34% to 520p a share.

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