I think the headline is dumb, but it’s about how Canary Wharf is thriving right now as a bunch of businesses are opening new offices there. Visa are relocating their European HQ there (from elsewhere in London), and JP Morgan are getting a new building there, whilst other firms have recommitted to the area (including HSBC who seem to constantly threaten to leave)
> More than 750,000 square foot of office leases have been announced in the docklands area this year, marking what Canary Wharf Group said will be its best office leasing year in more than a decade.
>It is helped by measures announced in the U.K.’s Autumn Budget, which stabilized the longer-term interest rate environment — a key metric for the real estate industry — according to Shabab Qadar, partner and head of London research at Knight Frank.
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I think the headline is dumb, but it’s about how Canary Wharf is thriving right now as a bunch of businesses are opening new offices there. Visa are relocating their European HQ there (from elsewhere in London), and JP Morgan are getting a new building there, whilst other firms have recommitted to the area (including HSBC who seem to constantly threaten to leave)
> More than 750,000 square foot of office leases have been announced in the docklands area this year, marking what Canary Wharf Group said will be its best office leasing year in more than a decade.
>It is helped by measures announced in the U.K.’s Autumn Budget, which stabilized the longer-term interest rate environment — a key metric for the real estate industry — according to Shabab Qadar, partner and head of London research at Knight Frank.