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Tuesday 12 march 2013 – Media Release

Canary Wharf Group helps future-proof London by diversifying portfolio

CANNES; 13 March 2013 –Canary Wharf Group is set to deliver landmark developments which will help shape the future of London and maintain the city’s position as a global capital for business and culture. With digital technology driving London’s future economic success, the Group is providing growing technology, media and telecommunications companies with office space, amenities and unrivalled access to new customers, investors, mentors and talent.

Level39 – Europe’s largest accelerator space for financial, retail and future city technologies

The Group has chosen MIPIM to confirm that Level39, Europe’s largest accelerator space for financial, retail and future city technologies, will formally open at One Canada Square, Canary Wharf on 18 March 2013. Taking up the entire 39th floor of Canary Wharf’s iconic tower, Level39 is a sophisticated office, social and event space that helps growing businesses create, test, market and deliver world-class financial technology products and services.

As a natural point of convergence for technology and the financial and professional services sectors, the Group is providing London’s first physical centerpiece for FinTech, complementing London’s other technology clusters such as the City Fringe, South Bank and West End.

Wood Wharf – a waterside ‘Future City’

Work is underway on a new masterplan for Wood Wharf, the proposed 20-acre office, residential and retail district immediately east of Canary Wharf. A blueprint for the next phase in Canary Wharf’s evolution from derelict dockland to a thriving, mixed-use ‘future city’ is being created to attract a broad mix of office tenants and create a unique new waterside district in Central London.

Combining with the accelerator space at Level39, the bespoke workspaces at Wood Wharf will further enable the area to be a stronghold for growing technology firms. Internationally-renowned architects Herzog & de Meuron, Stanton Williams and Allies & Morrison have been appointed to design the phase one buildings, comprising of a prominent residential tower, three further residential buildings and two office buildings.

The Group is revising the Wood Wharf masterplan to cater for London’s evolving market requirements and address the needs of the capital’s fast-growing, world-class creative and tech sectors. This will include working environments that enable innovation to flourish and support new ways of working, building on the success of adjacent Canary Wharf and the Tech City cluster. The new masterplan will propose 3,000 homes, new retail and cultural uses and waterside parks and squares. The Group aims to have the first phase of Wood Wharf complete when the first Crossrail trains run through Canary Wharf Station in 2018.

Shell Centre Redevelopment – Transforming the South Bank

Canary Wharf Group, working with joint venture partner Qatari Diar, is also set to transform another of London’s prestigious waterfront sites on the South Bank. A unique mixed-use development with the famous Shell Centre Tower at its heart, the proposed Shell Centre redevelopment will re-vitalise the area with high quality architecture, much improved public spaces and jobs and housing for local Londoners.

The well-known Shell Centre Tower will remain the centrepiece of the redevelopment. The Tower will be complemented by eight new buildings, one of which will incorporate 245,000 sq ft of new office space and trading floors for Shell. The site will comprise approximately 800,000 sq ft of office space (including the Shell Centre Tower), 80,000 sq ft of new retail units, restaurants and cafés, and 800,000 sq ft of residential space incorporating up to 790 new homes, including affordable housing. The development is planned for completion in 2019.

20 Fenchurch Street – in the heart of the City

Canary Wharf Group’s construction continues to schedule at 20 Fenchurch Street, where along with joint venture partner Land Securities, the Group is developing a world-class, 38-storey 690,000 sq ft office building. Known as the ‘Walkie-Talkie’ and designed by Rafael Vinoly, the building is set to become one of London’s landmarks because of its shape, flaring outwards from a narrow base and topped by an impressive Skygarden. With more than a year to go before completion, 20 Fenchurch Street is already over 50% let with recent lettings including Liberty Syndicates, Liberty Mutual Insurance, Ascot, Markel International and Tokio Marine Kiln. The building will be completed in the first half of 2014.

Canary Wharf Crossrail Retail and Park

The Group has designed and built the Canary Wharf Crossrail Station on behalf of Crossrail, a new rail line that will run east to west across London connecting the West End, City and Canary Wharf and beyond. In 2012 the Group completed the Station box and lower levels five months ahead of schedule. Construction is proceeding on a 100,000 sq ft retail development above the Station, topped by a roof garden and spectacular Foster + Partners designed timber lattice roof. The completed development will bring Canary Wharf’s retail portfolio to close to 1 million square feet, and is due to open in 2015, with trains running from 2018. The Station will add capacity and resilience to Canary Wharf’s transport connections and cut travel times across the capital, linking Canary Wharf to Liverpool Street in six minutes, Paddington in 17 minutes and Heathrow in 39 minutes.

Sir George Iacobescu CBE, Chairman and Chief Executive, Canary Wharf Group, said: “It is crucial for developers and construction firms to keep pace with the requirements of the fastest growing business sectors. Level39 is a big part of our efforts to achieve this. By fusing together the technology and financial worlds in at Canary Wharf, we can help London to retain its position as a global capital for business and transform the financial sector after several very challenging years. Our new developments at the Shell Centre and Wood Wharf will provide much needed housing and jobs to the London market. Crossrail will be a transformational piece of transport infrastructure for London, opening in 2018, and we are very proud to play a part in delivering it.”

ENDS

FURTHER DETAILS

For further information, please contact:
Hamish McDougall
Canary Wharf Group plc
T: +44 (0)20 7418 2326
M: +44 (0)7779 888 075
E: Hamish.mcdougall@canarywharf.com

NOTES TO EDITORS:

The Canary Wharf technology, media and telecommunications (TMT) community
Canary Wharf’s TMT sector occupiers range from innovative financial technology companies and IT consultancy businesses, to advertising and media groups and business information providers.
TMT companies at Canary Wharf include:
Citihub
Infosys
Trinity Mirror
3i Infotech
The Economist Group
Interquest
Ricoh UK
Samsung
Sungard
Thomson Reuters
Oracle Financial Services Instinet
McGraw-Hill
Ogilvy & Mather

Business IT company Infosys has recently opened its Experience Centre at its Canary Wharf offices at 10 Upper Bank Street. The Experience Centre is a showcase for new software for Infosys’ clients and prospective clients.

Canary Wharf tenants like Citihub, Instinet and Ricoh are providers of high-frequency and event-driven trading platforms which are driving innovation in the financial services sector.

Canary Wharf Group recently launched Wired Wharf, a social network for the technology, media and telecomms community in Canary Wharf and beyond

Twitter: @WiredWharf
LinkedIn: Wired Wharf
LinkedIn: Wired Wharf Community

About Canary Wharf Group plc
Canary Wharf Group plc is an integrated property development, investment and management group of companies. Canary Wharf has a working population of nearly 100,000 people in a diverse range of sectors for some of the world’s leading companies. It has paved the way for the regeneration of London’s Docklands and one in five Canary Wharf workers now lives in a local East London borough. It has helped London and the City consolidate its position at the centre of the business world.
Following the recent announcement to build a new headquarters for the European Medicines Agency at 25 Churchill Place, the Group has plans in place to continue to develop Canary Wharf in the coming years. This will be in parallel with other central London developments such as the Shell Centre on the South Bank (in a joint venture with Qatari Diar) and 20 Fenchurch Street in the City of London (in a joint venture with Land Securities). The Group is currently constructing the Canary Wharf Crossrail station ahead of schedule and on budget, which is ready to receive the Crossrail tunnel boring machines in Summer 2012.
www.canarywharf.com Twitter: @yourcanarywharf

About Level39
Level39 is Europe’s largest accelerator space for technology businesses innovating in the financial services sector and is due to open on 21 March 2013. It will comprise an accelerator space to help growing businesses to deliver world-class financial technology products and services through unrivalled access to new customers, partners, talent, investment, ideas and social and cultural amenities provided by Canary Wharf.

The initiative has been designed to ensure that London takes full advantage of the global surge in financial and big data technologies through improving a variety of aspects including transparency, competitiveness and client services of the financial services sector. The layout at Level39 will combine ‘sandboxes’ for accelerator programmes, a modern 200 seat event space with a ‘Unique Technology Tunnel’, incubator desk rental opportunities for budding companies, the Level39 Business Club Lounge, a membership-style club attracting leading industry figures and investors and a growth-phase zone for businesses experiencing rapid expansion. L39 is a bespoke technology and entrepreneur-oriented space that will house innovative firms, with the potential to scale into office space at Canary Wharf and Wood Wharf.

www.level39.co Twitter: @Level39CW