Canary Wharf Group
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|Public limited company|
|Headquarters||London, United Kingdom|
|Sir George Iacobescu
(Chairman and CEO)
|Services||Real estate development|
|£369.6 million (ending 2008)|
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 and elsewhere in London. Over the last 10 years it has constructed more office space in London than any other developer. 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.
In 2004, a majority of the company was acquired by Glick Family Investments and Morgan Stanley using an investment vehicle company called Songbird Acquisitions, which was later taken over by China Investment Corporation.
Relationship with TfL
The Canary Wharf Group agreed to pay £500m over 24 years towards the £3.5bn cost of the Jubilee Line extension. The actual payments was reduced by at least £25m because the line was unable to run at the capacity agreed, mostly due to the collapse of Metronet.
In 2014, the Canary Wharf Group campaigned against two Cycle Superhighway routes in central London, dubbed "Crossrail for bikes". The Group anonymously distributed a briefing paper claiming the project would be "extremely damaging to London".
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|
- Canary Wharf Group website: Investor Relations
- Canary Wharf Group website: Company Overview
- Canary Wharf Group website: History Archived 3 December 2007 at the Wayback Machine.
- "About Us: 1995". Canary Wharf Group. Archived from the original on 4 May 2013.
- "About Us: 1999". Canary Wharf Group. Archived from the original on 27 June 2014.
- "U.K.'s Canary Wharf Agrees To Morgan Stanley-Glick Bid". Wall Street Journal. 5 December 2003.
- McDonough, Tony. "Investment floods into UK; Overseas buyers put billions into property". Daily Post. Liverpool. Retrieved 22 October 2014.
- Ruddick, Graham (28 August 2009). "China invests in Canary Wharf with £880m bail-out of Songbird". The Telegraph. London. Retrieved 22 October 2014.
- Canary Wharf Contractors on Emporis database
- Glover, John (2010). London's Underground (11th ed.). Ian Allen Publishing. p. 131. ISBN 9780711034297.
- Sam-Daliri, Nadia (27 January 2012). "TfL pays £25m to Canary Wharf Group for Jubilee Line failures". The Docklands & East London Advertiser. Retrieved 22 October 2014.
- Hill, Dave (15 October 2014). "Cycle superhighways row: wheels within wheels". The Guardian. Manchester. Retrieved 22 October 2014.
- Walker, Peter (10 October 2014). "Cyclists v lobbyists: gloves are off in the battle for London's cycle lanes". The Guardian. Manchester. Retrieved 22 October 2014.
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