Canary Wharf is an enormous office building complex on the Isle OF Dogs in the urban district London Borough OF Tower Hamlets. It is in the heart that of dock country, the former dockland of London. Canary Wharf stands in competition to the financial center grown historically in the town center OF London. Here the three highest buildings of Great Britain stand: One Canada Square (also as Canary Wharf Tower admits), HSBC Tower and Citigroup Centre.

Economic center

To the enterprises, which established themselves in Canary Wharf, financial establishments belong such as Credit Suisse, HSBC, Citigroup, Lehman Brothers, Morgan Stanley, Bank OF America and Barclays bank. Also important medium enterprises have here their head offices, under it DAILY telegraph, The Independent, Reuters and The DAILY Mirror. Represented the European head office of Texaco and the British financial control are FSA likewise here.

At the beginning of the yearly the official number of the employees working here amounted to 78,000, about which 25% in the five surrounding urban districts live. Canary Wharf develops also ever more to an expensive and exclusive purchase quarter, in particular after the opening of the Jubilee of Place shopping centre in the year 2004. It gives over 200 shops with more than 4500 sales employees. Each week go approximately 500,000 persons this way to buying.

Canary Wharf has an excellent binding to the net of the public suburban traffic. Since 1991 Canary Wharf holds the fully automatic metropolitan railway of dock country Light Railway at the station (DLR). 1999 were opened the Jubilee LINE London Underground, which holds in of the same name, but spatially separated station the Canary Wharf. The airport London town center lies only a few kilometer penalties operating east and can be achieved with regularly, taxis and since December 2005 with the DLR in under 15 minutes. From the Canary Wharf jetty out manufacture ships on the Themse further connections toward city center; the Thames tie-clip by operates every 20 minutes under the week.

History

Canary Wharf was once the location of depots in the midst of the docks. The name leads itself off from the maritime trade with the Kanari islands, which was completed from here. Into the 1960er years began the decay of the port and industrial plants. 1981 decided the British government an ambitious program, with which 21 km a large area should again be animated. In order to coordinate the project, the development company LDDC was created. In the first years enterprises of the light industry established themselves, the largest tenant in Canary Wharf were a TV-Produktionsstudio here.

1984 visited Michael of Clem, the chairman of the Investmentbank Credit Suisse roofridge Boston, on behalf a customer dock country, in order to hold after a location for a food processing enterprise look out. It was itself also consciously that the offices of the bank were too small in the town center OF London, particularly regarding the forthcoming Deregulierung of the financial markets in the year 1986. From Clem the idea had to use the area for buildings of offices. However a critical mass was necessary, in order to let the whole project become at all profitable. Appropriate plans were presented together with the enterprise Morgan Stanley, put later however again to the documents. When dock country the Light Railway was opened to 1987, one had not established a station in Canary Wharf, since one counted on a development of the area.

1988 took over however the Canadian enterprise Olympia and York the project and brought it to the production readiness. The construction work began the first phase in the same year, was final 1992. Olympia and York committed itself to take over half of the costs of the planned extension of the Jubilee LINE. At the beginning of the 1990er years broke in the world-wide property market. The demand for the office premises decreased/went back strongly and Olympia and York went to bankruptcy. The upper half of the Wolkenkratzers One Canada Square remained without tenant, Canary Wharf became the symbol of the real estate crisis.

In December 1995 an international consortium bought the area. At that time here approximately 13,000 jobs were settled, but stood still over half of the existing office real estate properties still empty. A highlight for the revival of the project Canary Wharf was the commencement of construction of the Jubilee LINE, which had been several times shifted. From then on enterprises regarded the area increasingly as alternative to the traditional business centres. The increasing demand did not only lead to the completion of the building phases not begun yet, it also additional projects was carried out. In March 2004 the operating company Canary Wharf Group PLC was transferred by a consortium by investors, which carries and by Morgan Stanley is stated the name Songbird.

In February 1996 of the Canary Wharf exploded, at the station South Quay of the DLR an autobomb of the Irish Republican Army in the proximity. Developed thereby a damage to property of 85 million Pound.

See also

• List of the highest buildings in London

Related links

• Canary Wharf Group

Articles in category "Canary Wharf"

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• Canary Wharf - Wikipedia, the free encyclopedia
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• The Canary Wharf Ltd Website
  The Canary Wharf Ltd website overviews this successful urban regeneration development. As London's newest business and banking district, the Canary Wharf ...


• Welcome to the Canary Wharf Group plc website
  The Canary Wharf Ltd website overviews this successful urban regeneration development. As London's newest business and banking district, the Canary Wharf ...