Canary Wharf Group transforms London's skyline with modern architecture
Transforming derelict docklands into one of the world's most modern commercial complexes speaks volumes about the business acumen of integrated property development, investment and management firm Canary Wharf Group (CWG). As one of the pioneers that transformed the London skyline with the introduction of bespoke high-rise buildings at Canary Wharf, CWG strengthened London's position as a global financial powerhouse and among the best places for business.
Transforming derelict docklands into one of the world's most modern commercial complexes speaks volumes about the business acumen of integrated property development, investment and management firm Canary Wharf Group (CWG). As one of the pioneers that transformed the London skyline with the introduction of bespoke high-rise buildings at Canary Wharf, CWG strengthened London's position as a global financial powerhouse and among the best places for business.
"The success of the development was the master planning. What you see today is how we master-planned it in 1987. Canary Wharf is an exciting place that's soon to get better with the plans we have for the next phase of development," says George Iacobescu, CWG chairman and CEO.
CWG blazed the trail for modern high-rise buildings equipped with cutting-edge 6.5-metre-deep infrastructure, providing dual services for power, telecommunications and all other services. The bespoke buildings designed and built by CWG are different from the traditional buildings seen in London - simpler and beautifully crafted on the outside, but more efficient and technologically savvy inside.
CWG cultivated an urban paradise, showcasing the perfect mix of art, architecture and functionality. One Canada Square, one of the earliest buildings built on the Canary Wharf Estate, is the second-tallest building in Britain. There are 35 completed buildings at Canary Wharf and occupiers include Barclays, JP Morgan, Credit Suisse, HSBC, Clifford Chance and Citibank, among others.
The final building in the original master plan is 25 Churchill Place. Slated for completion in July, it is ready for tenants EY and the European Medicines Agency. The Canary Wharf Estate now comprises more than 16 million sq ft of space, which is 97 per cent let with almost 1 million sq ft of retail units fully let and continuing demand for new space.
The key to CWG's success is in being the only developer in London to hold a complete "A-Z value chain". All the services across the spectrum, including planning, design, construction, financing, legal, fit-out and building, and estate management, are handled by a strong team of in-house professionals.
