Canary Wharf Group

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Canary Wharf Group plc
Type Public limited company
Industry Property
Founded 1993 (London)
Headquarters London, United Kingdom
Key people Sir George Iacobescu CBE
(Chairman and CEO)
Services Property development
Net income £369.6m (ending 2008)
Website www.canarywharf.com
HSBC World Headquarters and One Canada Square, viewed from the western end of West India Quay

Canary Wharf Group plc is a British property company headquartered in London, England. It is the owner and developer of nearly 100 acres (0.40 km2) of property at Canary Wharf in London. 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 95.6% was let as of 30 June 2012.[2]

History[edit]

The company was formed in 1993 as Canary Wharf Limited[3] to acquire the former assets of Olympia and York from its Administrator.[4][dead link]

In December 1995, the company was acquired by an international consortium led by Paul Reichmann and others.[5]

In April 1999, the company floated on the London Stock Exchange.[5]

In 2004, a majority of the company was acquired by Songbird Acquisitions Limited, itself led by Glick Family Investments and Morgan Stanley.[6]

Structure[edit]

The group owns Canary Wharf Contractors, a business which has built most of the buildings at Canary Wharf.[7]

Property portfolio[edit]

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

See also[edit]

References[edit]

External links[edit]