Canary Wharf is a major business district located in Tower Hamlets, East London. It is one of the United Kingdom’s two main financial centres – along with the traditional City of London – and contains many of Europe’s tallest buildings, including the second-tallest in the UK, One Canada Square.
Canary Wharf contains around 16,000,000 square feet (1,500,000 m²) of office and retail space, of which around 7,900,000 square feet (730,000 m²) is owned by Canary Wharf Group. Around 105,000 people work in Canary Wharf and it is home to the world or European headquarters of numerous major banks, professional services firms and media organisations including Barclays, Citigroup, Clifford Chance, Credit Suisse, Infosys, Fitch Ratings, HSBC, J.P. Morgan, KPMG, MetLife,Moody’s, Morgan Stanley, RBC, S&P Global, Skadden, State Street and Thomson Reuters.
In July 2014 Canary Wharf Group was granted planning permission for a major eastwards expansion of the Canary Wharf estate. The plans include the construction of 30 buildings comprising a total of 4.9 million square feet, including shops, 1.9 million square feet of commercial offices and 3,100 homes. Construction commenced in autumn 2014 with the first buildings to be occupied at the end of 2018.
Currently, Crossrail, a new train line connecting London from East to West is being constructed and expected to be operational by 2018. The new Canary Wharf Crossrail station will help connect this key business district to the City of London, the West End and Heathrow.
Canary Wharf is part of the Isle of Dogs, which is reclaimed marshland and today a vibrant neighbourhood with many houses and flats, mostly occupied by Canary Wharf workers and their families.
The Isle of Dogs is surrounded by the River Thames and it is no coincidence that Ultimate Housing Ltd does not only invest directly on the Isle of Dogs, but also in all the surrounding neighbourhoods on the other side of the Thames, namely Bermondsey, Canada Water/Rotherhithe, Deptford and Greenwich.