Brookfield wins race to land deal for Center Parcs June 2, 2015 CANADIAN investment giant Brookfield yesterday won a hotly contested race to buy UK holiday parks operator Center Parcs from private equity firm Blackstone in a deal worth about £2.4bn. Brookfield, which also bought Canary Wharf’s owner alongside Qatari Investment Authority earlier this year, will take control of five resorts operated by Center Parcs across the [...]
Working lunch in the City: Tonic and Ready August 6, 2015 Our guide to the best places to eat during office hours in the City and Canary Wharf WHAT? Don’t be fooled by a name that brings to mind medieval lotions and potions, Tonic and Remedy is a bitingly modern Hoxton restaurant from Gary Rhodes protege Paul Welburn. The Hoxton eatery, located on the first [...]
What makes a landmark? Inside world-renowned architectural firm Foster & Partners November 27, 2015 The Shard, the Cheesegrater, the Walkie-Talkie… London has an endearing habit of adopting its landmarks – not just into its psyche – but into its lexicon. Evidently, this shared language has emerged to soften the blow when an uncharacteristically titanic structure barges its way onto our skyline. The exception to this rule is The Gherkin, [...]
Crossrail place to open today April 30, 2015 Today marks the opening of Crossrail Place at Canary Wharf, a seven storey structure designed by Foster & Partners, inspired by an old clipper that would have used the dock when it was a heaving maritime centre. Pictured above is the exotic roof garden, a public space created by landscape architects Gillespies which crowns the [...]
We will never shy away from celebrating risk, hard work and reward – The City View September 6, 2015 The idea of launching a new, free newspaper was born from a belief that London and the City are unique, and that the people who work in the heart of our nation's economy deserve a paper that understands, informs, challenges and celebrates them. Ten years ago this week, the first editions of City A.M. [...]
HSBC job cuts: Unions slam move as punishing staff for “boardroom misconduct” June 9, 2015 Could Canary Wharf become a stage for the next major picket line? HSBC staff cuts have been blasted by unions, claiming the bank's employees are being “punished for boardroom misconduct”. This morning Europe's biggest bank revealed it was cutting up to 25,000 jobs worldwide, as it looks to make $5bn (£3.25bn) savings. Around [...]
The decline of cash is on the cards: City A.M. speaks to MasterCard’s Ann Cairns October 28, 2015 Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You know the type I mean – we’ve all worked with them, dated them, got married to them… Hell, some of us are them. The football obsessive who springs into work after a [...]
Walkie Talkie to smash City office records as top floor goes under offer June 18, 2015 The top floor of the City's towering 20 Fenchurch Street – nicknamed the Walkie Talkie – is believed to have smashed new rental records, after it went under offer to a mystery firm, City A.M. can reveal. Read more: A storey-by-storey breakdown of everything in the Shard The highest rent achieved in the [...]
Working lunch in the City: Street Kitchen, Broadgate Circle July 7, 2015 Our guide to the best places to eat during office hours in the City and Canary Wharf WHAT? After a run of successful pop-ups, it was only a matter of time before the Street Kitchen guys set up shop permanently. Serving gourmet sandwiches by the inch, the experienced chefs are looking to revolutionise fast [...]
HSBC expected to unveil thousands of job cuts June 1, 2015 HSBC is expected to unveil thousands more job cuts as the lender attempts to improve profitability. Chief executive Stuart Gulliver is thought to be planning to reveal plans to slash as many as 20,000 jobs at an investor presentation next week, Sky News reported. The scandal-hit bank has been under pressure from shareholders in recent months. [...]