Place:Canary Wharf, Greater London, England

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NameCanary Wharf
TypeDistrict
Located inGreater London, England


the text in this section is copied from an article in Wikipedia

Canary Wharf is a major business district located in Tower Hamlets, London. It is one of the United Kingdom's two main financial centres – along with the traditional City of London – and contains many of the UK's tallest buildings, including the second-tallest, One Canada Square.

Canary Wharf contains around of office and retail space, of which around is owned by Canary Wharf Group. Around 105,000 people work in Canary Wharf and it is home to the world or European headquarters of numerous major banks, professional services firms and media organisations including Barclays, Citigroup, Clifford Chance, Credit Suisse, Infosys, Fitch Ratings, HSBC, J.P. Morgan, KPMG, MetLife, Moody's, Morgan Stanley, RBC, Skadden, State Street and Thomson Reuters.

Canary Wharf is located in the West India Docks on the Isle of Dogs in the Borough of Tower Hamlets in East London. The West India Docks once formed part of the busiest port in the world. After the docks were closed in 1980 the British Government adopted various policies to stimulate the redevelopment of the area, including through the creation of the London Docklands Development Corporation in 1981 and granting the Isle of Dogs Enterprise Zone status in 1982.[1] In 1987 the Canadian company Olympia and York agreed to construct a major office development on the Isle of Dogs, with construction commencing in 1988.[1]

Contents

History

the text in this section is copied from an article in Wikipedia

Canary Wharf is located on the West India Docks on the Isle of Dogs.

From 1802, the area was one of the busiest docks in the world.

After the 1960s, the port industry began to decline, leading to all the docks being closed by 1981. Of the three main docks of the West India Docks, the Canary Wharf estate occupies part of the north side and the entire south side of the Import Dock (North Dock), both sides of the Export Dock (Middle Dock) and the north side of the South Dock.

Canary Wharf itself takes its name from No. 32 berth of the West Wood Quay of the Import Dock. This was built in 1936 for Fruit Lines Ltd, a subsidiary of Fred Olsen Lines for the Mediterranean and Canary Islands fruit trade. At their request, the quay and warehouse were given the name Canary Wharf.


The Canary Wharf of today began when Michael von Clemm, former chairman of Credit Suisse First Boston (CSFB), came up with the idea to convert Canary Wharf into a back office. Further discussions with G Ware Travelstead led to proposals for a new business district.

The project was sold to Olympia & York and construction began in 1988, master-planned by Skidmore, Owings & Merrill with YRM as their UK advisors, and subsequently by Koetter Kim. The first buildings were completed in 1991 which included One Canada Square that became the UK's tallest building and a symbol of the regeneration of Docklands. Upon opening, the London commercial property market had collapsed and Olympia and York Canary Wharf Limited filed for bankruptcy in May 1992.

Local opposition

In 1997, some residents living on the Isle of Dogs launched a lawsuit against Canary Wharf Ltd for private nuisance because the tower caused interference with television signals. The residents lost the case.

Rescue and recovery

In December 1995 an international consortium, backed by the former owners of Olympia & York and other investors, bought the scheme. The new company was called Canary Wharf Limited, and later became Canary Wharf Group.

Recovery in the property market generally, coupled with continuing demand for large floorplate grade A office accommodation, slowly improved the level of interest in the estate. A critical event in the recovery of Canary Wharf was the much-delayed start of work on the Jubilee line, which the government wanted ready for the Millennium celebrations.

In March 2004 Canary Wharf Group plc. was taken over by a consortium of investors backed by its largest shareholder Glick Family Investments and led by Morgan Stanley using a vehicle named Songbird Estates plc.

At the peak of property prices in 2007, the HSBC building sold for a record £1.1 billion.

In March 2014 planning permission was granted for the first residential building on the Canary Wharf estate, a 58-storey tower including 566 apartments plus shops and a health club.

In July 2014 Canary Wharf Group was granted planning permission for a major eastwards expansion of the Canary Wharf estate. The plans include the construction of 30 buildings comprising a total of 4.9 million square feet, including shops, 1.9 million square feet of commercial offices and 3,100 homes.[2][3] Construction is planned to commence in Autumn 2014 with the first buildings to be occupied at the end of 2018.[2]

Completed buildings over 60 metres

Ranking by height Image Name Height Floors Completion date Notes
Metres Feet
1 One Canada Square 235 771 50 1991 The 15th-tallest building in Europe and currently the second tallest completed building in the United Kingdom, the tallest being The Shard. Designed by Cesar Pelli, it was the tallest building in Europe upon completion in 1991. Multi-tenanted; occupiers include The Bank of New York Mellon, the CFA Institute, Clearstream, EEX (European Energy Exchange), Euler Hermes, the International Sugar Organization, Mahindra Satyam, MetLife, Moody's Analytics and Trinity Mirror.
2= 8 Canada Square 200 655 42 2002 The joint 26th-tallest building in Europe and third-tallest completed building in the United Kingdom. Occupied by HSBC as its world headquarters.
2= 25 Canada Square 200 655 42 2001 The joint 26th-tallest building in Europe and third-tallest completed building in the United Kingdom. 25 Canada Square and 33 Canada Square together form a single complex known as the Citigroup Centre. Primarily occupied by Citigroup as its EMEA headquarters. Other tenants include 3i Infotech, Lehman Brothers (in Administration), Crossrail, Instinet, Munich Re, MWB Group, SunGard and Wells Fargo.[4]
4 One Churchill Place 156 513 32 2005 Occupied by Barclays as its world headquarters. Currently the eighth-tallest building in the United Kingdom, it was originally planned to be 50 stories in height, but was scaled down to 31 after the 11 September attacks.
5= 40 Bank Street 153 502 33 2003 Multi-tenanted; occupiers include Allen & Overy, ANZ Bank, China Construction Bank, Duff & Phelps, Saxo Bank and Skadden, Arps, Slate, Meagher & Flom.[4]
5= 25 Bank Street 153 502 33 2003 Occupied by JP Morgan Chase as its European headquarters since 2012.
7 10 Upper Bank Street 151 495 32 2003 Occupied by Clifford Chance as its world headquarters. Other occupiers include FTSE Group, Infosys, MasterCard and Total.[4]
8 1 West India Quay 108 354 36 2004 Floors 1-12 are occupied by a Marriott Hotel. Floors 13-33 house 158 apartments.
9 33 Canada Square 105 344 18 1999 33 Canada Square and 25 Canada Square together form a single complex, see above for details.
10 1 Cabot Square 89 292 21 1991 Occupied by Credit Suisse.
11 5 Canada Square 88 288 16 2003 Occupied by Bank of America Merrill Lynch.[4]
12 25 Cabot Square 81 265 17 1991 Occupied by Morgan Stanley. Morgan Stanley also occupies the nearby 20 Bank Street as its European headquarters. The architect was Skidmore, Owings & Merrill.
13 25 North Colonnade 80 262 15 1991 Occupied by the Financial Conduct Authority as its headquarters.[4] The architect was John McAslan and Partners.
14 20 Bank Street 68 223 14 2003 Occupied by Morgan Stanley as its European headquarters. Morgan Stanley also occupies the nearby 25 Cabot Square. It was designed by Skidmore, Owings & Merrill.

Buildings under construction

Name Height Floors Expected Completion Date Status Notes
metres feet
25 Churchill Place 130 426 23 2014 Under construction
Baltimore Tower 151 492 45 2016 Under construction Due to be Canary Wharf's highest residential tower.

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This page uses content from the English Wikipedia. The original content was at Canary Wharf. The list of authors can be seen in the page history. As with WeRelate, the content of Wikipedia is available under the Creative Commons Attribution/Share-Alike License.
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