Canary Wharf in London

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Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest (and tallest completed), One Canada Square. Canary Wharf contains around 14000000 sqft of office and retail space, of which around 7900000 sqft is owned by Canary Wharf Group. Around 90,000 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, HSBC, KPMG, MetLife, 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.

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 Island (Insula Canaria (from canis) "Island of Dogs") 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 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 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 powerful 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

The idea of a new financial services district was not popular with local residents as the expectation was that the development would provide no local jobs or transport improvements. However, over the course of the development relations with the local community have improved and more than 7,000 local (Tower Hamlets) residents work at Canary Wharf.

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 high floor-plate 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 forced to be 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.

Current and planned buildings

Completed buildings over 60 metres

Ranking by height Image Name Height Floors Completion date Commentary
Metres Feet
1 One Canada Square 235 771 50 1991 This is the 15th-tallest building in Europe and currently the tallest completed building in the United Kingdom. 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, Euler Hermes, the International Sugar Organization, Mahindra Satyam, MetLife, Moody's Analytics and Trinity Mirror.
2= 8 Canada Square 200 655 42 2002 The 26th tallest building in Europe, third-tallest completed building in the United Kingdom. Occupied by HSBC as their world headquarters.
2= 25 Canada Square 200 655 42 2001 The 26th tallest building in Europe, 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 their EMEA headquarters. Other tenants include 3i Infotech, Crossrail, Instinet, Munich Re, MWB Group, SunGard and Wells Fargo.<ref name=whoshere/>
4 One Churchill Place 156 513 32 2005 Occupied by Barclays as their world headquarters. Currently the seventh-tallest building in the United Kingdom, it was originally planned to be 50 stories in height, but was scaled down to 31 after the September 11 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.<ref name=whoshere/>
5= 25 Bank Street 153 502 33 2003 Multi-tenanted; occupiers include Jones Lang LaSalle, Nomura Group and NYSE Euronext.<ref name=whoshere/>
7 10 Upper Bank Street 151 495 32 2003 Occupied by Clifford Chance as their world headquarters. Other occupiers include FTSE Group, Infosys, MasterCard and Total.<ref name=whoshere/>
8 Pan Peninsula 147 484 48 2008 Residential, twin-tower development containing 762 apartments. The East tower is 44 stories and the West Tower is 34 stories. The footprint of the building consists of a joint single lobby on the ground floor that connects the East and West towers.
9 22 Marsh Wall 140 458 44 2010 Residential, twin-tower development containing 276 apartments. The taller tower is 140 m tall and comprises 44 storeys, making it one of the tallest residential buildings in Europe. The second tower is 98 m (322 ft) tall and comprises 30 storeys. The towers are located on the south-western edge of the Canary Wharf estate.
10 1 West India Quay 108 354 36 2004 Floors 1-12 are occupied by a Marriott Hotel. Floors 13-33 house 158 apartments.
11 33 Canada Square 105 344 18 1999 33 Canada Square and 25 Canada Square together form a single complex, see above for details.
12 1 Cabot Square 89 292 21 1991 Occupied by Credit Suisse.
13 5 Canada Square 88 288 16 2003 Occupied by Bank of America Merrill Lynch.<ref name=whoshere/>
14 25 Cabot Square 81 265 17 1991 Occupied by Morgan Stanley. Morgan Stanley also occupies 20 Bank Street as their headquarters in the same area. The architect was Skidmore Owings & Merrill.
15 25 North Colonnade 80 262 15 1991 Occupied by the Financial Services Authority.<ref name=whoshere/> The architect was John McAslan and Partners.
16 20 Bank Street 68 223 14 2003 20 Bank Street (Heron Quays 1 (HQ1) or the Morgan Stanley Building). The building was designed by Skidmore, Owings & Merrill.

Buildings in development

Name Height Floors Expected Completion Date Status Notes
metres feet
Riverside South, Tower 1 236 774 45 2012 Under Construction Due to become Canary Wharf's tallest building upon completion.
Riverside South, Tower 2 189 610 38 2012 Under Construction

Approved buildings

Name Height Floors Probable Completion Date Status Notes
metres feet
Columbus Tower 237 778 63  ? Planning permission granted Due to become Canary Wharf's tallest building upon completion. Construction is delayed due to the Crossrail construction.
North Quay, Tower 1 221 727 44 2017 Planning permission granted
Heron Quays West 214 702 40 2017 Planning permission granted
Wood Wharf W07B 206 676 51 2019 Planning permission granted
North Quay, Tower 3 209 667 38 2017 Planning permission granted
The Pride 215 672 62 2012 Planning permission granted
Wood Wharf W06 187 618 45 2019 Planning permission granted
Wood Wharf W02 182 598 40+ 2019 Planning permission granted
Wood Wharf W07A 128 418 30+ 2019 Planning permission granted
North Quay, Tower 2 120 393 18 2017 Planning permission granted

Transport

Aviation

London City Airport is linked to London's new financial district at Canary Wharf and to the traditional financial district of the City of London via the Docklands Light Railway, and with 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.

Buses

Canary Wharf is served by several bus routes, including the 135 which begins at Old Street Station and terminates at Crossharbour, the 277 route that begins at Highbury & Islington and ends at Leamouth, and the N550 night bus route that travels from Canning Town and ends at Trafalgar Square. Canary Wharf is also served by local buses that goes mostly around the London Docklands area, that include routes D3, D6, D7 and D8. There's also the Docklands Buses, of which includes 6 more bus routes in the Docklands.

Docklands Light Railway

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.

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.

London Underground

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.

The station was used as a location for some scenes of Danny Boyle's 2002 film 28 Days Later and its sequel 28 Weeks Later which was mostly based in Canary Wharf.

National Rail

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.

River services

The Canary Wharf Pier is a London River Services pier on the River Thames in London, UK. It is located to the west of the Canary Wharf district, close to Narrow Street, Limehouse.

References and notes

See also

  • Canary Wharf – Rotherhithe Ferry
  • Spinningfields

External links




Source en.wikipedia.org/wiki/Canary_Wharf