Tiffany & Co. to Shine in Canary Wharf
Tiffany & Co. has announced it will open a new store in Canary Wharf in September 2010.
Tiffany is the world’s premier diamond jeweller with a 170-year heritage defined by groundbreaking designers and glamorous collections across the world. The Canary Wharf store will take its store count in London to nine, adding to its recent openings at Heathrow Airport’s Terminal 3 and Westfield London.
The new store will be in the Cabot Place East retail mall and occupy approximately 2,000 square feet. A new lease for a period of ten years has been exchanged with Canary Wharf Group plc (CWG), the owners and developers of the Canary Wharf estate.
Camille Waxer, Vice President of Retail at CWG is looking forward to welcoming Tiffany to the famous business and shopping district: “Tiffany & Co is one of the world’s most luxurious design brands, making it a great fit with Canary Wharf. I’m really pleased because we’ve been working closely with Tiffany & Co. for some time to find the optimum location to showcase their brand. Tiffany & Co. provides accessible luxury and is always on top of the latest consumer trends. It will prove hugely popular with our loyal customers and attract new shoppers from around London” she said.
CWG’s retail portfolio is now over 98% let. Two new retail precincts, Churchill Place and The Park Pavilion, opened in the second half of 2009, with new restaurants Jamie’s Italian, Canteen, the parlour, ROKA and Wahaca among the tenants.
Harper Dennis Hobbs acted on behalf of Tiffany & Co. and Canary Wharf were represented by Lunson Mitchenall and Knight Frank.
NOTES TO EDITORS
About Tiffany & Co
For over 170 years, the name Tiffany & Co. has been synonymous with romance, style, quality and luxury. Its story tells of the celebrities and heads of state who have worn its designs of diamonds, gold, silver and other precious materials; the groundbreaking designers who have lent their vision; and, at the heart of it all, the growth of a New York City legend into a worldwide jewellery phenomenon.
About Canary Wharf Group
CWG is an integrated property development, investment and management group of companies. It is focused on the design, construction, leasing and management of Grade A office space and high-quality retail and leisure facilities on its 97 acre Estate in East London.
Over the past 20 years CWG has regenerated derelict wharves into one of the world’s premier business districts, constructing over 15 million square feet of office and retail space – more than any other company in London.
Canary Wharf is home to many of the world’s leading business organisations, including in the professional services; media, law, energy, financial services and transport sectors. It is also home to over 200 shops, bars, cafes and restaurants, including many of Britain’s leading brands. The working population is approximately 93,000.
The Estate includes 20 acres of landscaped parks and plazas. Canary Wharf hosts over 180 events a year and has one of the UK’s largest collections of public art.
As at 30 June 2009 the Canary Wharf Group investment portfolio was 97.7% let. The weighted average unexpired lease length was 16.9 years.
CWG was named one of the Sunday Times 60 Best Green Companies in the UK in 2009.
Canary Wharf is set for further expansion. In 2008, CWG signed agreements to commence work on the Canary Wharf Crossrail Station and to continue work on a new European Headquarters for J.P. Morgan. KPMG, State Street and Fitch Ratings open new office buildings on the Estate in 2009 and 2010, bringing thousands of new workers to Canary Wharf on a daily basis.