Canary Wharf Group recoups $350m October 9, 2014 Canary Wharf Group has reached a $350m (£217m) settlement with the liquidators of Lehman Brothers over rent owed after the collapse of the bank in 2008. Lehman Brothers rented 25 Bank Street in Canary Wharf, which is now owned by JP Morgan.
Spirit of the financial age – 30 years after the City’s Big Bang October 27, 2016 The Big Bang City revolution of 1986 — exactly thirty years ago — was a game-changer that allowed the City to become not only de-regulated but a brave new world of graduate opportunity. Today, it is very different: with much tightened regulation, tough new ‘ring fencing’ of the old casino banking system (separating investment banking [...]
Frank Sinatra tribute in Canada Square Park: Rat pack comes to the rat race in Canary Wharf August 11, 2015 Regrets; City workers may have a few if they don’t head to Canary Wharf tonight. It’s Frank Sinatra’s would-be 100th birthday and the guys at Canary Wharf Group are putting on a tribute to remember in Canada Square Park. It’s all part of Twilight Delights – a month of open-air, entirely free concerts in the [...]
Here’s what a new City office scheme with five garden roof terraces will look like at 80 Fenchurch Street September 17, 2015 Work on a new office tower that will boast the biggest number of roof gardens in the City got underway this week, as developers began knocking down the old site. Partners Group, a Swiss private equity firm, is developing a 245,000 square feet office tower at 80 Fenchurch Street together with joint venture partner Marick Real [...]
Walkie Talkie awarded annual Carbuncle Cup as judges declare it the UK’s ugliest building September 2, 2015 It's divided opinion since its plans were first unveiled – but now judges of the Carbuncle Cup, the annual award for Britain's least aesthetically-pleasing constructions, have declared the Walkie Talkie to be the UK's ugliest building. It had stiff competition, mind: the Rafael Vinoly-designed building, developed by Land Securities and Canary Wharf Group, was up [...]
Coffee has been officially declassified as a cancer-causing substance by a World Health Organization-affiliated body June 15, 2016 Coffee lovers can rejoice today after a World Health Organization and United Nations-affiliated body declared there is not enough proof to link it to cancer. The International Agency for Research on Cancer (IARC), concluded coffee can no longer be classified as a potential carcinogen and that there may be evidence that drinking it could actually lower [...]
Fuller’s brews mixed results as premium pub sales rises but beer demand falls July 21, 2016 London brewer and pub owner Fuller, Smith and Turner's premium pubs business grew in the second quarter in a "challenging" trading environment, but the company was hit by a drop in beer and cider demand. The figures Like-for-like sales in the company's managed pubs and hotels division rose 2.1 per cent in a trading update for the 16 [...]
Almacantar to Shell out £550m on iconic office August 4, 2015 CENTRE Point owner Almacantar has bought part of Canary Wharf Group and Qatari Diar’s controversial Shell Centre scheme on London’s South Bank, which faced opposition last year for obstructing views of the Houses of Parliament. The developer has spent over £550m buying One and Two Southbank Place in Waterloo, making it one of the largest [...]
Walkie Talkie owners face fresh woes over Sky Garden layout July 30, 2015 FIRST there was the problem of the Walkie Talkie dazzling passers-by and melting cars. Then there was the bad hair day it brought to City workers. Now, in another spate of bad luck, the owners of the skyscraper could be forced to make changes to the Sky Garden after claims that the scheme wasn’t built [...]
As the first homes go on sale in Canary Wharf: Is this the death of the commute? June 25, 2015 Since its inception in the 1980s, Canary Wharf has come to epitomise modern business. But until this week, no one could live there. The Canary Wharf Group, the development company responsible for the entire estate, has unveiled its first show home this week – and City A.M. has exclusive pictures of what’s inside. So whether [...]