Canary Wharf of London Docklands is a London’s traditional financial centre which contains the UK’s tallest buildings, HSBC Tower, Citigroup Centre and One Canada Square presently known as Canary Wharf.
In past, this area was one of the busiest Docks in the world with around 5 50,000 employed, but the Docks were closed in 1980.
In 1988, the development of Canary Wharf begun. The Corporation of the City of London had been resisting such development conserving its historical architecture and views. This Phase One was completed in 1991, with prominent UK’s tallest building One Canada Square which is a powerful symbol of the regeneration of Docklands. The other buildings completed in Phase One were those around West ferry Circus and Cabot Square and two either side of One Canada Square in which the Financial Services Authority and Reuters occupy.
In Phase Two which was completed in 2002 constructed the HSBC Tower and Citigroup Centre Headquarters buildings followed by Heron Quays.
After opening the Jubilee Line, the working population at Canary Wharf had risen by more than 300% which of 1999. In March 2004, Canary Wharf group plc was taken over by a consortium of investors led by Morgan Stanley using a vehicle named Songbird Estates.
Canary Wharf is occupied by major news media and service firms like The Daily Telegraph, Reuters, the Daily Mirror and the Naseba Group.
The major Banks such as Bank of America, HSBC, Citygroup, Credit Suisse, Morgan Stanley, Barclays are tenants of Canary Wharf. Recently the 2010 Olympic Games organizers LOCOG and the Olympic Delivery Authority also became the tenants of Canary Wharf.
With the opening of the Jubilee Place Shopping Mall in 2004, the Canary Wharf has become a popular shopping destination of around 50,000 people in each week. The Latest is the residential construction, Apartments in Canary Wharf and Townhouses which are occupied by middle class people.
You may have seen the Canary Wharf in your popular film show and such as Batman Begins, The Constant Gardener, Alfie, Basic Instinct 2, which were been filmed there. More Development of Canary Wharf is under way with two more towers. The land values of Canary Wharf and its surrounding are substantially increasing.
More recently, Canary Wharf has opened path for other developments in East London such as Stratford City and Greenwich Peninsula.
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