Skyline of Canary Wharf, viewed from the west
Canary Wharf shown within Greater London
|Population||73,390 2011 Census|
|OS grid reference|
|London borough||Tower Hamlets|
|Ceremonial county||Greater London|
|Sovereign state||United Kingdom|
|UK Parliament||Poplar and Limehouse|
|London Assembly||City and East|
Canary Wharf is a major business district located in Tower Hamlets, London. It is one of the UK's two main financial centres – along with the traditional City of London – and contains many of Europe's tallest buildings, including the second-tallest in Great Britain, One Canada Square.
Canary Wharf contains around 14,000,000 square feet (1,300,000 m2) of office and retail space, of which around 7,900,000 square feet (730,000 m2) 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. 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 History
- 2 Transport links
- 3 In popular culture
- 4 See also
- 5 References
- 6 Further reading
- 7 External links
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.
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.
Initially, the City of London saw Canary Wharf as an existential threat. It modified its planning laws to expand the provision of new Offices in the City of London - for example creating Offices above Railway stations (Blackfriars) and roads (Alban Gate@). The resulting oversupply of office space contributed to the failure of the No 1 Canada Square project and it went bankrupt.
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. Construction is planned to commence in Autumn 2014 with the first buildings to be occupied at the end of 2018.
Completed buildings over 60 metres
|Ranking by height||Image||Name||Height||Floors||Completion date||Notes|
|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 Gain Capital, 3i Infotech, Lehman Brothers (in Administration), Crossrail, Instinet, Munich Re, MWB Group, SunGard and Wells Fargo.|
|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.|
|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.|
|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.|
|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. 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|
|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.|
The Canary Wharf developers played a pro-active role in improving transport links, which they recognised as essential to the success of the project.
Beginning in 1985, they proposed extension of the Docklands Light Railway (DLR) to Bank, and upgrading of frequencies and capacity. The DLR now serves four stations in the area: West India Quay, Canary Wharf, Heron Quays and South Quay.
In 1988, they proposed construction of a second rail line to Docklands, which ultimately became the Jubilee Line Extension. After the Jubilee Extension opened in 1999, Canary Wharf began to actively promote Crossrail.
London City Airport is linked to both Canary Wharf and the City of London via the Docklands Light Railway, and an interchange to the London Underground. London City Airport DLR station is situated immediately adjacent to the terminal building, with enclosed access to and from the elevated platforms. The Vanguard helipad serves a parcel service by helicopter to Heathrow Airport.
Docklands Light Railway
Heron Quays Station
One of the first stations to be built in the Canary Wharf estate, the station first opened up in 1987. The station has two platforms in use, is in Travelcard Zone 2, and is on the Lewisham branch of the Docklands Light Railway, between Canary Wharf and South Quay. The station was moved 200 metres south (to fit inside the new buildings) and a longer platform was built at this new site to accommodate three-unit trains planned as part of the DLR Capacity Enhancement; the station re-opened on 18 December 2002.
Canary Wharf Station
Canary Wharf Station had been part of the original DLR plans, but when the DLR opened in August 1987 the station was not ready. It was originally planned that the station would be similar to the original station at Heron Quays, with two small platforms either side of the tracks. The station is located on the DLR between Heron Quays station and the West India Quay station, in Travelcard Zone 2, which are in fact the three closest train stations on the same line in the world.
The Canary Wharf tube station is a two platform station designed by Norman Foster and opened in 1999 as part of the Jubilee Line Extension from Charing Cross to Stratford. Canary Wharf station has increasingly become one of the busiest stations on the network, serving the ever-expanding Canary Wharf business district.
Canary Wharf railway station began construction in May 2009 and will be completed in 2017 as part of the £17 billion Crossrail project. The station will have two platforms and will be in the Travelcard Zone 2.
London River Services
The Canary Wharf Pier is a London River Services pier on the River Thames located to the west of Canary Wharf, close to Narrow Street, Limehouse.
In popular culture
The song "Fake Plastic Trees" by Radiohead is named after the artificial trees in Canary Wharf.
- "Heron Tower becomes tallest building in The City". BBC News. 21 February 2010. Retrieved 11 November 2010.
- "United Kingdom list of tallest buildings". SkyscraperPage.com. Retrieved 12 January 2009.
- "Higher occupancy lifts Canary Wharf's Songbird". Reuters. 22 March 2007. Retrieved 11 November 2010.
- "Canary Wharf boss sees future in creative campus - Financial News". Retrieved 3 March 2014.
- "China to invest in Canary Wharf". China Economic Review. 31 August 2009. Retrieved 11 November 2010.
- "History". Canary Wharf Group. Retrieved 11 November 2010.
- West India Docks (1803-1980) (Port Cities) accessed 22 July 2008
- The West India Docks: The buildings: warehouses, Survey of London: volumes 43 and 44: Poplar, Blackwall and Isle of Dogs (1994), pp. 284-300. Retrieved 22 July 2008
- "The Development of Transport in London Docklands - Part I: The Chronological Story". LDDC history. 17 July 1987. A New Era: the Coming of Canary Wharf. Retrieved 12 January 2009.
- The court found against the appellants (Hunter and others) as private nuisance legislation generally concerns 'emanations' from land, not interference with such emanations. "Hunter and Others v. Canary Wharf Ltd./Hunter and Others v. London Docklands Corporation" House of Lords Session 1996-97. Retrieved on 23 March 2009.
- Glick family in late move over Canary Wharf battle
- Saunders, Craig (19 June 2007). "Canary Wharf singing a red-hot tune". The Globe and Mail. Retrieved 12 January 2009.
- "Canary Wharf to get first residential building". The Telegraph. 16 March 2014. Retrieved 27 July 2014.
- "Canary Wharf spreads east with new towers and 3,000 homes planned". The Guardian. 22 July 2014. Retrieved 27 July 2014.
- "Canary Wharf extension to entice tech companies away from Silicon roundabout". The Telegraph. 22 July 2014. Retrieved 27 July 2014.
- "Who's Here". Canary Wharf Group plc. Retrieved 13 November 2010.
- "Contact us". HSBC Holdings plc. Retrieved 13 November 2010.
- "£16bn cross-London project to take four floors in Canary Wharf tower". Property Week. 6 June 2008. Retrieved 13 November 2010.
- "Corporate enquiries". Barclays Bank PLC. Retrieved 13 November 2010.
- Canary Wharf Group plc - Estate Map. Canarywharf.com (13 May 2010). Retrieved on 2013-07-12.
- "United Kingdom". Clifford Chance. Retrieved 13 November 2010.
- "Contact Us". Marriott International, Inc. Retrieved 8 March 2011.
- "Contact Us". Credit Suisse. Retrieved 13 November 2010.
- "Morgan Stanley in the United Kingdom". Morgan Stanley. Retrieved 13 November 2010.
- "Galliard launches 45-storey resi tower in Canary Wharf". PrimeResi. 1 October 2013. Retrieved 12 March 2014.
- Weiss, Richard. "DHL Speeds Deliveries With Heathrow-Canary Wharf Helicopter Run" Bloomberg, 21 January 2015. Archive
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