Docklands office marks completion of London project.
25 Churchill Place development is completed as part of Canary Wharf project.
After well over 20 years of development the Docklands development in London’s Canary Wharf is almost complete. The final project, a 20-storey office tower at 25 Churchill Place, has just finished construction. This was the very last touch to the overall development that has been underway for over two decades.
The new office tower will provide an additional 500,000 square feet of office space to the area. The site is already half leased with the European Medicines Agency leasing half of the overall space. The Canary Wharf Group is hoping to open the development in 2014, by which it expects to have all of the available space leased. (more…)
London is set for another new innovative skyscraper to complement its Financial District
A stunning new office skyscraper is being planned for London’s financial district, with the site to be ready in four years time.
The 37 storey ‘Walkie-Talkie’ Tower – so called because of its design – is due to be built on unoccupied land on 20 Fenchurch Street. (more…)
Land Securities is believed to have secured Canary Wharf Group as a partner for the development of the Walkie Talkie tower at 20 Fenchurch Street.
Reports out this week suggest LandSec will confirm the partnership later this month. If the deal is confirmed it will mean CWG, which is 70% owned by Songbird, will be working directly with its rival on the development. Once completed the skyscraper will provide 660,000 sq ft of office space and 23,000 sq ft of retail space. The development is expected to be completed in 2014 and will come at a crucial time for the London office space market which is already predicting record shortages in the coming years. (more…)
A limited partnership owned and controlled by a Middle Eastern private investor has bought Canary Wharf Group’s long leasehold interests in 5 Churchill Place for Â£208 million.
The building was only recently completed and was designed by HOK International. It comprises of 314,000 square feet of office space spread over 12 floors with a rent of around Â£44.50 per square foot. The majority of 5 Churchill Place – 10 floors of 262,000 square feet – is currently let to JP Morgan Markets. Canary Wharf Group is providing rent cover for the two currently unlet floors – 52,000 square feet of space – at Â£2.16 million for a maximum period of 5 years. (more…)