How Much Money Does Canary Wharf Generate?

How much does Canary Wharf contribute to the UK economy?

Tenants at Canary Wharf support £40.4 billion of Gross Added Value of which £19.7 billion is directly attributable to Canary Wharf.

Since 1997, through its own business spend and business support initiatives, Canary Wharf Group has helped generate over £1.59 billion of business for companies in East London..

Is Canary Wharf a rich area?

Poor but happy. If you live near City of London or Canary Wharf, that will be considered posh as both areas are among the most expensive areas in London.

Why is Canary Wharf famous?

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). 4. One Canada Square was the first Canary Wharf building to be built during redevelopment, and stands at 235m tall.

Is Canary Wharf a good investment?

Why Canary Wharf is The Ultimate Investment. 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.

How far is Oxford Street from Canary Wharf?

5 milesThe distance between Oxford Street and Canary Wharf is 5 miles. The road distance is 6.3 miles.

Is Canary Wharf private land?

Canary Wharf is a privately owned Estate owned by Canary Wharf Group plc. … What areas are part of the Canary Wharf Estate? The 97 acre Estate is bounded by the River Thames in the West, Churchill Place and Wood Wharf in the East, North Dock in the North and South Dock in the South.

Is Canary Wharf far from central London?

The distance between Canary Wharf and London is 5 miles. … Canary Wharf to London train services, operated by London Underground (Tube), depart from Canary Wharf station.

Why does Canary Wharf have a flashing light?

Well, the answer is very simple, the light is to warn any aircraft passing over it. Aircraft warning lights are sometimes attached to tall structures as a measure to avoid collisions, and make the structures more visible to pilots, especially at night.

How many malls does Canary Wharf have?

four shopping mallsMore than 200 shops, bars, cafes and restaurants can be found at Canary Wharf in the four shopping malls, as well as stunning riverside locations.

How much is Canary Wharf worth?

Over the last 10 years it has constructed more office space in London than any other developer. The group owns 7,900,000 square feet (730,000 m2) of property which is worth £4.9 billion, of which 95.6% was let as of 30 June 2012.

Who works in Canary Wharf?

Around 105,000 people work in Canary Wharf, and it is home to the world or European headquarters of numerous major banks, professional services firms, and media organisations, including Barclays, Citigroup, Clifford Chance, Credit Suisse, EY, Fitch Ratings, HSBC, Infosys, JPMorgan Chase, KPMG, MetLife, Moody’s, Morgan …

Where should I live if I work at Canary Wharf?

Users recommended Canary Wharf, Stratford, and London Bridge. storyofmylife – Research Associate: Most analysts / associates live in flat shares close to Canary Wharf. There are tons of new apartment buildings around South Quay and Crossharbour DLR stations.

Is Isle of Dogs rough?

So the best place to live in London has its rough edges. And walking around the Isle of Dogs, it’s clear there isn’t that much there to do for local residents. … The fact it’s so quick and easy to get to other parts of London perhaps makes up for all of this.

How much did it cost to build Canary Wharf?

One Canada SquareConstruction started1988Completed1991Cost£624 millionOwnerCanary Wharf Group plc (current majority shareholder is Songbird Estates plc)26 more rows

Is Canary Wharf a nice place to live?

Canary Wharf is a very safe area. There is very little crime compared to other areas in London. Residents report that they feel perfectly comfortable walking through the area alone at night. Canary Wharf’s crime rate is just 16.58 per 1,000 people.