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Canary Wharf, E14

Canary Wharf, E14Canary Wharf in the London Borough of Tower Hamlets is a large business development on the Isle of Dogs, centred on the old West India Docks in the London Docklands.

Rivalling London's traditional financial centre, The Square Mile, Canary Wharf contains the UK's three tallest buildings: One Canada Square (commonly known as the Canary Wharf Tower or simply Canary Wharf) at 235.1 m; and the HSBC Tower and the Citigroup Centre joint second tallest at 199.5 m.

Canary Wharf is built on the site of the old West India Docks on the Isle of Dogs. From 1802 to 1980, the area was one of the busiest docks in the world, with at one point 50,000 employed. Canary Wharf itself takes its name from the sea trade with the Canary Islands, whose name comes from the dogs (Latin canis) which the Spaniards found there, producing the linguistic coincidence of trade between the Dog Islands and the Isle of Dogs.

During WWII, the docks area was bombed heavily and nearly all the original warehouses were destroyed or badly damaged. After a brief recovery in the 1950s, the port industry began to decline. Containerisation and a lack of flexibility made the central London docks less viable than out-of-town sites like Felixstowe and Harwich, and by 1980 the docks were closed.

Thousands were out of work and a huge area of the Docklands lay in ruins - a testament to the changing world economy.

The project to revitalise the eight square miles of derelict London docks began in 1981 with the establishment of the London Docklands Development Corporation by the government of Margaret Thatcher. Initially redevelopment was focussed on small-scale, light industrial schemes and Canary Wharf's largest occupier was Limehouse Studios, a TV production company.

Canary Wharf tenants include major banks, such as Credit Suisse, HSBC, Citigroup, Lehman Brothers, Morgan Stanley, Bank of America, and Barclays, law firms such as Clifford Chance, as well as major news media and service firms, including The Daily Telegraph, Reuters, the Daily Mirror and the Naseba Group. It has also gained more tenants from the public sector including the Financial Services Authority and 2012 Olympic Games organisers LOCOG and the ODA.

At the end of 2006 the official number of people employed on the estate was 82,000 of which around 25% live in the surrounding five boroughs. Increasingly Canary Wharf is becoming a shopping destination, particularly with the opening of the Jubilee Place shopping mall in 2004, taking the total number of shops to more than 200 and increasing employment in retail to around 4,500. About 500,000 people each week shop at Canary Wharf.

Canary Wharf Pier is located at the Canary Riverside, providing regular commuter river boat services to Greenwich in the east and the City of London and the West End of London in the west on the commuter service, and a shuttle service to the London Docklands Hilton in Rotherhithe.

Useful Links:
Canary Wharf
My Canary Wharf
Canary Wharf on Wikipedia
London Borough of Tower Hamlets
East London

 

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Canary Wharf, E14 Council Tax
London Borough of Tower Hamlets 
 
Band A B C D E F G H
Year 2007/08 £760.17 £886.86 £1,013.56 £1,140.25 £1,393.64 £1,647.03 £1,900.42 £2,280.50
 
Average House Prices in Canary Wharf, E14
London Borough of Tower Hamlets 
 
Household Type Average Property Prices - 2006
Detached £365,326 London Borough of Tower Hamlets
Sales Volume in 2006
4958
Semi-Detached £287,164
Terraced £307,985
Maisonette/Flat £282,964
 
 

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