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For a long time, Canary Wharf has been considered a corporate-only zone. Once you leave the tube station, you are instantly immersed in a sea of grey and blue suits. This has been off-putting for creative companies, as having an office here would be the wrong look for their firm, which is unfortunate, because the price point for office space on the wharf and docklands is lower than the city’s average.
However, the new Canary Wharf Group development will be purpose built to appeal to the creative and media companies that don’t fit into the current tower buildings in the area. Wood Wharf has been designed with a new type of occupier in mind, and won’t only be built for offices, but will also have residential space, shops, and restaurants available.
Eugene O’Sullivan Managing Director at Morgan Pryce, says; “The additional 1.9 million sq ft of office space being built in Wood Wharf will not be competition for the other Canary Wharf buildings, but an opportunity for a variety of occupiers to locate themselves in this impressive area of London.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.