Canary Wharf
Coordinates: 51°30′13″N 0°01′06″W / 51.503611°N 0.018333°W
Canary Wharf | |
Skyline of Canary Wharf |
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Canary Wharf shown within Greater London |
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OS grid reference | TQ375802 |
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London borough | Tower Hamlets |
Ceremonial county | Greater London |
Region | London |
Country | England |
Sovereign state | United Kingdom |
Post town | LONDON |
Postcode district | E14 |
Dialling code | 020 |
Police | Metropolitan |
Fire | London |
Ambulance | London |
EU Parliament | London |
UK Parliament | Poplar and Limehouse |
London Assembly | City and East |
List of places: UK • England • London |
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.[1][2] 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 (734,000 m2) is owned by Canary Wharf Group.[3] Around 90,000 people work in Canary Wharf[4] 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, HSBC, KPMG, Skadden and Thomson Reuters.[5]
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.[6] 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.[6] 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.[6]
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[edit] History
Canary Wharf is built on the site of the West India Docks on the Isle of Dogs. From 1802, the area was one of the busiest docks in the world. By the 1950s, the port industry began to decline, leading to the docks closing by 1980.[7]
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.[8]
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[9] 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.
[edit] 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.[10]
[edit] 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 [11] 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.[12]
[edit] Current and planned buildings
[edit] 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 and Trinity Mirror.[13] | |
2= | 8 Canada Square | 200 | 655 | 42 | 2002 | The 26th tallest building in Europe, second-tallest building in the United Kingdom. Occupied by HSBC as their world headquarters.[14] | |
2= | 25 Canada Square | 200 | 655 | 42 | 2001 | The 26th tallest building in Europe, second-tallest 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.[15] Other tenants include Crossrail, Instinet, Munich Re, MWB Group, SunGard and Wells Fargo.[13] | |
3 | One Churchill Place | 156 | 513 | 32 | 2005 | Seventh-tallest building in the United Kingdom. The building was originally planned to be 50 stories in height, but was scaled down to 31 after the 9/11 terrorist attacks and this would have been the tallest building in Canary Wharf. Occupied by Barclays as their world headquarters.[16] | |
4= | 40 Bank Street | 153 | 502 | 33 | 2003 | Eighth-tallest building in the United Kingdom. Multi-tenanted; occupiers include Allen & Overy, ANZ Bank, China Construction Bank, Duff & Phelps, Saxo Bank and Skadden, Arps, Slate, Meagher & Flom.[13] | |
4= | 25 Bank Street | 153 | 502 | 33 | 2003 | Eighth-tallest building in the United Kingdom. Multi-tenanted; occupiers include Jones Lang LaSalle, Nomura Group and NYSE Euronext.[13] | |
5 | 10 Upper Bank Street | 151 | 495 | 32 | 2003 | Tenth-tallest building in the United Kingdom. Occupied by Clifford Chance as their world headquarters.[17] Other occupiers include FTSE Group, Infosys, MasterCard and Total.[13] | |
6 | 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.[18] | |
7 | 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. | |
8 | 1 West India Quay | 108 | 354 | 36 | 2004 | Floors 1-12 are occupied by a Marriott Hotel.[19] 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.[20] | |
11 | 5 Canada Square | 88 | 288 | 16 | 2003 | Occupied by Bank of America Merrill Lynch.[13] | |
12 | 25 Cabot Square | 81 | 265 | 17 | 1991 | The architect on the project was Skidmore Owings & Merrill. Occupied by Morgan Stanley. Morgan Stanley also occupies 20 Bank Street as their headquarters in the same area.[21] | |
13 | 25 North Colonnade | 80 | 262 | 15 | 1991 | Architect was John McAslan and Partners. Occupied by the Financial Services Authority.[13] | |
14 | 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 (SOM). |
[edit] 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 |
[edit] 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 |
[edit] Transport
This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. The talk page may contain suggestions. (November 2010) |
[edit] 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.
[edit] 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.
[edit] Docklands Light Railway
[edit] 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.
[edit] 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.
[edit] 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.
[edit] 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.
[edit] 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.
[edit] References and notes
- ^ "Heron Tower becomes tallest building in The City". BBC News. 21 February 2010. http://news.bbc.co.uk/1/hi/england/london/8526857.stm. Retrieved 11 November 2010.
- ^ "United Kingdom list of tallest buildings". SkyscraperPage.com. http://skyscraperpage.com/cities/?countryID=133. Retrieved 2009-01-12.
- ^ "Higher occupancy lifts Canary Wharf's Songbird". Reuters. 22 March 2007. http://uk.reuters.com/article/idUKL2253602220070322. Retrieved 11 November 2010.
- ^ "General Information". Canary Wharf Group. http://www.canarywharf.co.uk/mainFrm1.asp?strSelectedArea=Factfile. Retrieved 11 November 2010.
- ^ "China to invest in Canary Wharf". China Economic Review. 31 August 2009. http://www.chinaeconomicreview.com/china-eye/2009_08_31/China_to_invest_in_Canary_Wharf.html. Retrieved 11 November 2010.
- ^ a b c "History". Canary Wharf Group. http://www.canarywharf.co.uk/mainFrm1.asp?strSelectedArea=History. 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. 1987-07-17. http://www.lddc-history.org.uk/transport/tranmon2.html#Era. Retrieved 2009-01-12.
- ^ 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 2009-03-23.
- ^ Glick family in late move over Canary Wharf battle
- ^ Saunders, Craig (2007-06-19). "Canary Wharf singing a red-hot tune". The Globe and Mail. http://www.theglobeandmail.com/servlet/story/LAC.20070619.PRLONDON19/TPStory/Business. Retrieved 2009-01-12.
- ^ a b c d e f g "Who's Here". Canary Wharf Group plc. http://www.canarywharf.com/mainFrm1.asp?strSelectedSubmenu=WhosHere&strSelectedArea=Estate. Retrieved 13 November 2010.
- ^ "Contact us". HSBC Holdings plc. http://www.hsbc.com/1/2/contact-us. Retrieved 13 November 2010.
- ^ "£16bn cross-London project to take four floors in Canary Wharf tower". Property Week. 6 June 2008. http://www.propertyweek.com/transport-for-london-picks-citi-for-crossrail/3115151.article. Retrieved 13 November 2010.
- ^ "Corporate enquiries". Barclays Bank PLC. http://group.barclays.com/About-us/Corporate-enquiries. Retrieved 13 November 2010.
- ^ "United Kingdom". Clifford Chance. http://www.cliffordchance.com/locations/united_kingdom.html. Retrieved 13 November 2010.
- ^ "Pan Peninsula buyers "don't know which way to turn"". Wharf.co.uk. 16 April 2009. http://www.wharf.co.uk/2009/04/pan-peninsula-buyers-dont-know.html. Retrieved 13 November 2010.
- ^ "Contact Us". Marriott International, Inc.. http://www.marriott.co.uk/hotels/travel/loncw-london-marriott-hotel-west-india-quay/. Retrieved 8 March 2011.
- ^ "Contact Us". Credit Suisse. https://www.credit-suisse.com/investment_banking/client_notices/en/contact_us.jsp. Retrieved 13 November 2010.
- ^ "Morgan Stanley in the United Kingdom". Morgan Stanley. http://www.morganstanley.com/about/offices/uk.html. Retrieved 13 November 2010.
[edit] See also
[edit] External links
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