What is Canary Wharf used for today?

What is Canary Wharf used for today?

Canary Wharf takes its name from the quay where fruit and veg from the Mediterranean and Canary islands was once unloaded. Today, Canary Wharf’s cluster of skyscrapers in east London is home to some of the world’s biggest banks, such as Citigroup and HSBC.

What is Canary Wharf primary function?

We are a commercial and residential property company who, as owner, manager and developer, is responsible for the regeneration of 128 acres of the once-derelict Docklands district of East London. Our purpose is to transform urban spaces into extraordinary environments.

What is special about Canary Wharf?

Canary Wharf is best known for its tallest building, the 235-metre One Canada Square. The tower held the record for being the tallest structure in the United Kingdom from 1990 (when it overtook Tower 42 in the City of London) until 2010 (when it was surpassed by The Shard in south London).

Why is Canary Wharf famous?

In 1802, the West India Docks were the world’s busiest shipping port and the heart of the British Empire. 2. Canary Wharf is located on the strangely named Isle of Dogs. Canary Wharf itself takes its name from the sea trade with the Canary Islands, whose name originates from the Latin ‘canis’ (dogs).

Is Canary Wharf a rich area?

London’s ‘Highest Earning Postcode’ According to findings from WealthInsight, there’s a millionaire in one in every 29 Londoners, placing the UK capital fifth out of 10 cities with the highest number of millionaires.

Is Canary Wharf a good place to live?

Fortunately, Canary Wharf is a very safe area. Canary Wharf’s crime rate is just 16.58 per 1,000 people – less than 10% of London’s average crime rate of 190.32. Canary Wharf is regularly cited as one of London’s safest areas to live, by both police and locals.

How important is Canary Wharf?

Canary Wharf has always been a centre for trade, employment, and profit within London. Now, Canary Wharf is one of London’s most important financial centres and is rapidly growing to keep up with demand for office and residential space.

Who funded Canary Wharf?

Canary Wharf Group In October 1995, an international consortium that included investors such as Alwaleed, bought control for $1.2 billion. Paul Reichmann, of Olympia & York, was named chairman, and Canary Wharf went public in 1999. The new company was called Canary Wharf Limited, and later became Canary Wharf Group.

What is a poor area of London?

The most concentrated areas of high poverty are in areas such as Tower Hamlets, Hackney, Newham, and the north east of London. There are also noticeable pockets of high poverty rates in areas in west London, such as in Brent and the north ends of Kensington & Chelsea and Westminster.

Which famous people live in Canary Wharf?

Celebrity residents Lots of actors and artists. Steven Berkoff, Robert De Niro, who lives at Canary Wharf when he’s in town, Roger Moore, Jake and Dinos Chapman and Gillian Wearing. Kate Bush lives in a Docklands penthouse with 360-degree glass walls. Average cost of two-bedroom flat £140,000.

Is Canary Wharf for rich people?

Is Canary Wharf expensive to live?

Is it expensive to live in Canary Wharf? Though Canary Wharf is defined by its modern glass and metal towers, the area has a diverse property portfolio with many affordable options. The most expensive area to live in Canary Wharf is Canary Wharf itself, where the average property achieves around £500,000.