The City of London has its own caliphate – and they have away days in Hampshire September 18, 2014 Given what we've learned about caliphates over recent months – largely from the rise of the brutal Islamic State (IS) in the Middle East – the City of London, with its decidedly Western attitudes to money-making, is not where you’d expect to find one. But it turns out the Square Mile is home to [...]
Business bosses call for end to dithering on new runway plan November 19, 2013 DISGRUNTLED bosses have urged politicians to end their prolonged “dithering” on expanding Britain’s airports or face losing business to countries willing to allow more runways. More than a hundred corporate heads and business groups have signed the campaign to “Let Britain Fly”, which is backed by London First, the British Chambers of Commerce and the [...]
14 plans for London transport by 2050: From 24/7 Tube to Crossrail 3 July 31, 2014 London Mayor Boris Johnson has said £1.3tn of investment is needed in the capital over the next 35 years in order for London to retain its world class status. Transport is the biggest focus of the "London Infrastructure Plan 2050", and £973tn of spending is needed on transport alone to keep up with the rising population [...]
KPMG to open Mayfair office March 28, 2014 Accountancy group KPMG is poised to take office space in Mayfair, creating a base for clients that find the trip to its Canary Wharf headquarters too arduous. KPMG, which is moving its 6,700 London staff to the Docklands next year, is in exclusive talks for a client hub at 20 Grosvenor Street. The lease on [...]
Canary Wharf signs six new retailers August 20, 2013 Canary Wharf Group has signed up six new retailers to an extension of its shopping mall in the financial district, due to open in November. Luxury brands Michael Kors and Monica Vinader, homeware store Tiger of Sweden, Schuh, the shoe retailer, sportswear brand Asics and chocolatier Godiva have exchanged contracts to open stores at Jubilee [...]
Markel expands in Walkie Talkie August 13, 2013 Insurer Markel has taken an extra floor in the Walkie Talkie skyscraper in the City after acquiring reinsurer Alterra Capital for $3.1bn (£2bn) earlier this year. Land Securities and Canary Wharf Group, the owners of the 38-storey tower, said Markel has increased its space by nearly 50 per cent to 75,000 square feet across floors [...]
Canary Wharf owner sees shares rocket 21pc on results March 28, 2014 Songbird Estates, the developer of Canary Wharf, has posted a pre-tax profit jump from £201.5m to £900.8m. Shares leapt 13 per cent at the open this morning, and are now up an impressive per cent at 235p per share. Underlying profits have dropped marginally to £22.4m, but the firm got a boost from surging London [...]
Pickles steps in to review Shell Centre scheme September 4, 2013 COMMUNITIES Secretary Eric Pickles yesterday said he would review the redevelopment of Shell’s headquarters on the south bank, casting doubt over the future of the £1bn scheme. The scheme on London’s South Bank is being developed by Canary Wharf Group and Qatari Diar and will see 877 new homes, offices and shops built on the [...]
Land Secs sells Docklands block February 17, 2014 Land Securities has sold a chunk of its 470,000 square feet Harbour Exchange development in London’s Docklands for £37m. Property fund manager Clearbell and Morgan Stanley AIP Real Estate announced yesterday that they have bought 3 and 4-5 Harbour Exchange, a group of office buildings just south of Canary Wharf, which are home to a [...]
The 236 skyscrapers coming to London March 12, 2014 London’s skyline is set to change dramatically over the next decade. According to a report out today, over 236 towers over 20 storeys are being proposed, approved or under construction – more than double the number of high-rise buildings estimated to be in capital today. Traditionally a low-rise city, London’s skyscrapers have, until now, been [...]