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LDDC helped to create Canary Wharf, Surrey Quays Shopping Centre, London City Airport, ExCeL London, London Arena and the Docklands Light Railway, bringing more than 120,000 new jobs to the Docklands and making the area highly sought after for housing. Although initially fiercely resisted by local councils and residents, today it is generally ...
In July 2024 the Canary Wharf Group and QIA announced plans on redeveloping the property. This would take place after HSBC vacate the property in 2027. The plans involve repurposing the building for multipurpose use. This would include space for retail, leisure, and residential use.
A local public library, called Idea Store Canary Wharf, is in Churchill Place shopping mall and run by Tower Hamlets Council which opened on Thursday 16 March 2006 as part of the Idea Store project [101] and is the borough fourth Idea Store. [102] Cinema. Canary Wharf hosts two multiplexes (cinemas), one on West India Quay run by Cineworld.
In March 2024, vacancies stood at 15.2%—up from 13.4% a year earlier and 4% in 2017, according to commercial real estate analytics group CoStar (although the so-called Grade-A properties managed ...
Consort Place, formerly known as Alpha Square, is a mixed-use development currently under construction in the Isle of Dogs, London, England, south of the financial district Canary Wharf. Original plans for the development were withdrawn by the developer in 2015 following a recommendation to refuse the scheme by Tower Hamlets Development Committee.
Night view of Canary Wharf in the Docklands The O2 with Canary Wharf in the background Museum of London Docklands, near Canary Wharf. Efforts to redevelop the docks began almost as soon as they were closed, although it took a decade for most plans to move beyond the drawing board and another decade for redevelopment to take full effect.
In January 2012, Canary Wharf Group took 100% control of the project by paying British Waterways £52.5m for their 50% stake and Ballymore £38m for their 25% stake. [14] [15] Under the agreement Canary Wharf Group has been a granted a new 250-year lease from British Waterways with ground rent payable which will grow to £6m per annum. [2] [16]
Once home to shipping and heavy industry, the Docklands area was derelict for many years, before redevelopment began in the late-1980s. Now the area around Canary Wharf is one of the country's largest financial districts and has several landmark skyscrapers, such as One Canada Square .