Celebrating 30 years of Canary Wharf
Joe Selby, Head of Development Consultancy and UK Project Marketing discusses the changing landscape of Canary Wharf over the past 30 years, and the impact it has had on the real estate market in South East London.
No other part of London has seen such swift and extensive development as Canary Wharf. Since 1987, the Canary Wharf estate has been revolutionised. First from a bustling trade dockland to a global financial hub, and now, thanks to the diversification of the Canary Wharf Group adding residential to their offering, to a thriving, wholesome community. Work has now started on the mixed-use scheme that includes 3,600 homes, 350,000 sq m of commercial, retail and leisure space, and new parks and squares. This will further diversify the area by attracting a wider range of businesses, including creative and technology companies.
The investment into transport links has helped bolster Canary Wharf’s reputation as a leading residential destination, and is a key attraction for potential owners and tenants alike.
Over the past 30 years, Canary Wharf Group invested over £910 million* into the Docklands Light Railway, the Jubilee Line, and the forthcoming Elizabeth Line, building new stations to optimise connectivity across London. Whether it be work in the City, the shops of Oxford Street or the theatres and galleries of the West End, residents of Canary wharf are less than 30 minutes away from the very best that London has to offer.
Life in Canary Wharf today is a far cry from the industrial shipping era. With over 300 shops, bars and restaurants, the area not only attracts people who work here, but people from all across the capital. With such a vibrant lifestyle, the quality of the residential offering has been amplified.
Modern interiors, floor-to-ceiling windows with panoramic views and private roof gardens are becoming the norm in residential developments, as are a variety of on-site amenities such as swimming pools, gyms and 24-hour concierges, offering residents a life of ultra-convenience.
The regeneration of Canary Wharf over the last 30 years has given the whole area of south-east London a new lease of life, reviving this industrial heartland and transforming it into one of the most prominent commercial and residential districts in Europe.
*Transport data produced for Canary Wharf Group PLC by Steer Davis Gleave.