Canary Wharf Group
| Industry | Property |
|---|---|
| Founded | 1993 |
| Headquarters | London, UK |
| Area served | Canary Wharf, London |
| Key people | Sir Martin Jacomb (Chairman) George Iacobescu (CEO) |
| Services | Property development |
| Net income | £369.6m (ending 2008) |
| Website | www.canarywharf.com |
Canary Wharf Group plc is the owner and developer of nearly 100 acres (0.40 km2) of property at Canary Wharf in London. It is notable because over the last 10 years it has constructed more office space in London than any other developer.[1] The group owns 7,900,000 square feet (730,000 m2) of property which is worth £4.9 billion, of which 99% is let (in 2008).
Contents |
[edit] History
The company was formed in 1993 as Canary Wharf Limited to acquire the former assets of Olympia and York from its Administrator.[2]
In 1995, the company was acquired by an international consortium led by Paul Reichmann and others.[2]
In 1999, the company floated on the London Stock Exchange.[2]
In 2004, a majority of the company was acquired by Songbird Acquisitions Limited, itself led by Glick Family Investments and Morgan Stanley [3]. It is currently listed on the Alternative Investment Market[2].
[edit] Structure
The group owns Canary Wharf Contractors, a business which has built most of the buildings at Canary Wharf.[4]
[edit] Property portfolio
Notable property addresses are:
| Property address | Sq ft | Leased (2008) | Value (2008) |
|---|---|---|---|
| One Canada Square | 1,236,200 | 99% | £688m |
| 25-30 Bank Street | 1,023,300 | 99% | £410m |
| One Churchill Place | 1,014,400 | 100% | £630m |
| 10 Upper Bank Street | 1,000,400 | 100% | £645m |
| All others | 3,620,500 | 99% | £2,110m |
[edit] See also
[edit] References
[edit] External links
|
||||||||||||||||||||||||||||||
 |
This article about a company of the UK is a stub. You can help Wikipedia by expanding it. |
