Visa shifts European HQ to Canary Wharf Property Payments juggernaut Visa is set to switch its European headquarters to Canary Wharf – hot on the heels of banking behemoth JP Morgan. The move from its current spot in Paddington comes amid a major resurgence in the London financial hub after a number of big firms snapped up offices in the district. Visa will [...]
Banks keep up their end of Rachel Reeves’ tax bargain Banking The banking industry has given Rachel Reeves some much-needed ammunition as she attempts to defend her tax-heavy Autumn Budget. After being spared from a highly-anticipated cash grab, a fleet of banks announced a fresh pump of capital in the UK economy. Britain’s largest retail bank Lloyds Banking Group unveiled £35bn of new finance for 2026 [...]
Uptick in Canary Wharf office values after years of decline Property After several years of declining property valuations in Canary Wharf, the East London area is experiencing a modest recovery as the value of its largest offices rises for the first time in years
Canary Wharf Group tops 250,000 sq ft of office space leased this year August 6, 2025 Canary Wharf has announced two new major leasing deals, taking the total amount of space leased this year to 250,000sq ft. Banco Bilbao Vizcaya Argentaria (BBVA) will extend their office footprint to 60,000 sq ft and extend its lease at One Canada Water until 2035. SmartestEnergy, which helps companies navigate the energy transition, will lease 20,000sq [...]
Landmark Canary Wharf building given the green light May 14, 2025 Plans to construct a new landmark building in London’s Canary Wharf have been given the green light. Canary Wharf Group (CWG) has secured planning permission to build a 46-story student accommodation building in the Wood Wharf neighbourhood. The development at 7 Brannan Street will contain 912 bedrooms, increasing Canary Wharf’s current population of 3,500 students [...]
UCL expands footprint in One Canada Square January 14, 2025 UCL School of Management has announced it will expand its facilities at Canary Wharf as the financial services hub continues to diversify its offering. The UCL school at One Canada Square, which offers undergraduate, postgraduate, executive and PhD programmes, will occupy two additional floors on levels 48 and 49 for staff, teaching and learning spaces. [...]
Canary Wharf takes £610m loan from investment giant Apollo December 10, 2024 Canary Wharf has borrowed £610m from American investment giant Apollo in a refinancing deal that will allow it to repay bonds due over the next two years. The company, which was acquired Brookfield Property Partners and the Qatar Investment Authority in 2015, said the loan was secured against the majority of its 1.2m square feet [...]
Canary Wharf unveils ‘urban oasis’ in historic partnership with the Eden Project October 2, 2024 Canary Wharf has unveiled a groundbreaking biodiversity scheme with the Eden Project, as the banking district goes green to improve workers’ experiences. The first-of-its-kind Eden Dock was unveiled on Wednesday, with the Canary Wharf Group (CWG) describing it as an “urban oasis”. The partnership will improve biodiversity in the area and offer more touch points [...]
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.
Canary Wharf owners look to sell stake in shopping malls as office portfolio struggles September 1, 2024 Canary Wharf's owners are reportedly in talks with third parties to sell a stake in its four underground shopping centres as the banking district's office portfolio struggles with working from home trends.