Why Canary Wharf is The Ultimate Investment27th November 2018
If you are looking for your dream investment property in London, it is well worth checking out Canary Wharf. Located in the heart of the city, Canary Wharf is a well-known business district and hub for a number of leading companies. It’s where you’ll find global headquarters for major banks, large professional services firms and a range of different media organisations. Simply, Canary Wharf is all things business and development.
There has been a lot of focus on Canary Wharf recently, with developers focusing on transforming it into an enticing and enjoyable place for people to live. Instead of just working well as a place for business, Canary Wharf now offers a lot for residents from around the world. In no time at all, Canary Wharf’s real estate potential has soared.
Development in Canary Wharf
The Canary Wharf docks closed in the 1980s and redevelopment of the area has been a major focus for the British Government ever since. This has included two main areas; the London Docklands Development Corporation (LDDC) and the Urban Enterprise Zone. Through redevelopment Canary Wharf has become a thriving area for commercial real estate, bringing thousands of jobs to the area. This isn’t something that appears to be changing any time soon. Real estate is continuing to grow, and more residential developments are being built.
Canary Wharf now hosts well over two dozen high rise developments, including One Canada Square - the second tallest building in the UK. However, Canary Wharf isn’t just offices and shops. As an area, Canary Wharf has been developed into a fully operational town. There’s music, film, theatre, nightlife and much more. In fact, one of the UK’s most extensive collections of public art can be found nearby. It’s also home to a range of incredible restaurants and rooftop bars, meaning that it’s as much an area for socialising as it is for business. It’s easy to see why so many investors are choosing Canary Wharf for their commercial and residential builds.
Connecting Canary Wharf and the Rest of London
Canary Wharf boasts a fantastic location. Being in Central London, everything is within reach and travelling around the city comes with ease. There is a range of great transport links and London City Airport is only an 11-minute journey by car. Canary Wharf is also connected to the brand new Elizabeth Line on the London Underground. This provides quick and easy access to some of London’s key locations including Whitechapel, Liverpool Street, Farringdon and Stratford. The Elizabeth Line also provides a direct route to London Heathrow Airport and further afield.
The DLR can also be found in Canary Wharf. Built to serve the growing development of the nearby docks and the business district, the DLR offers another connection between Canary Wharf and other areas of London. It has had continuous extensions since its conception and it now services large portions of the City of London and even the Isle of Dogs. Using the DLR, those in Canary Wharf can quickly access major London Underground lines via Bank.
For those who are looking for a more unique commute from Canary Wharf, there is the Thames Clipper. The Thames Clipper is a river bus service running on the River Thames. With its scenic view and speed, it’s certainly a different way to travel to and from Canary Wharf. It runs up and down the River Thames frequently throughout the day, between Westminster Millennium Pier and Woolwich Arsenal Pier. Plus, there’s never any worry about the infamous London traffic.
Canary Wharf as a Leading Hub for Business
In the last 20 years, there has been a significant increase in the amount of business that’s being done in Canary Wharf. Over 100,000 people are now employed in the area and this number is expected to double over the next 10 years. It’s safe to say that Canary Wharf is now one of London’s key areas for business. Back in 2012, the Financial Times linked this boost in business to the fact that JPMorgan and other large banks moved to Canary Wharf. This helped Canary Wharf to overtake the City of London as the area that employs the most bankers in Europe.
With Canary Wharf’s constant growth, people are flocking to the area looking for employment in some of the world’s largest and most respected corporations. This brings with it an increasing want for places to live, eat and shop. It’s an area full of investment opportunities and a demand that doesn’t seem to be slowing down.
If you are looking to invest in London or Europe as a whole, consider Canary Wharf. With its regeneration and redevelopment, it’s a worthwhile investment that’s sure to benefit you considerably.Back to listings