The Future of London’s Docklands
Canary Wharf is now spreading east as the owners of the Docklands banking district want to make Canary Wharf – once notorious for its absence of shops and restaurants – into a vibrant East End “creative quarter.” Part of this continuing transformation of the area is a new four-storey shopping centre which opened this year above the new Crossrail terminal at Canary Wharf (due to open in 2018) and a yearly entertainment programme for the area.
The eastern extension is set to almost double the number of people working and living in the area within the next 10 years. There are plans for 30 buildings at Wood Wharf, including a 57-storey cylindrical residential skyscraper facing the waters of South Dock, designed by Herzog & de Meuron.
The innovative regeneration of East London is on track to become an extension of the Canary Wharf district and will see changes similar to those experienced by the Isle of Dogs over the last 10 years.
A Prime Investment
With its dramatic views, plenty of things to do, improved transportation links and close proximity to the main financial and city districts, it is easy to see why Canary Wharf is a highly desirable location and why it attracts vast interest from foreign investors.
In recent times, Canary Wharf has seized the title as the biggest employer of bankers in all of Europe. The increase in working population and the fact that the area is an attractive one to live in has seen more people looking to find a place to live in this part of London.
One of the biggest talking points in London is Crossrail. There are a number of areas in the capital, including E14, which have experienced an increase in market demand due to the fact that these areas will explode in popularity once the new rail link is open.