MEDIA RELEASE 10 August 2012
Canary Wharf Group Tech Tour: London’s response to the digital revolution
Canary Wharf Group plc today showcased its ambition to play a significant role in growing London’s digital economy.
The Group aims to attract additional occupiers in the technology, media and telecommunications sectors. Today it gave media an insight into its future development, along with a visit to the Canary Wharf Crossrail Station construction site and some of the impressive information technology initiatives already underway at the famous central London business and shopping district, such as the Infosys Experience Centre at 10 Upper Bank Street.
Canary Wharf is already one of London’s leading technology, media and telecommunications clusters, with over 1 million square feet occupied by companies of the calibre of Thomson Reuters, Infosys and Ogilvy & Mather. These companies directly employ over 7,000 people, with many thousands of additional technology professionals working at adjacent financial services companies, making it one of the world’s most technology intensive districts.
John Garwood, Group Company Secretary at Canary Wharf Group plc said:
“London’s key central business districts need to evolve to help London retain its position as a world capital for commerce. A big part of the evolution is catering for the requirements of growing businesses in the technology, media and telecommunications sectors.”
“Canary Wharf can play a role bringing London’s business sectors together. We already have a well known, pre-eminent financial services cluster and the challenge is to fuse this with London’s burgeoning technology scene. If we do that successfully, London will benefit for generations to come.”
Canary Wharf Group is further diversifying its tenant base and activities, including encouraging companies in growth sectors, in particular those active in financial technology, to locate themselves in Canary Wharf. The Group aims to help London enhance its position as the digital capital of Europe and complement existing successful digital clusters in the City Fringe, West End and South Bank with larger scale, bespoke office buildings and surrounding environments. It is also increasingly working away from Canary Wharf, most notably at 20 Fenchurch Street, in a joint venture with Land Securities and at the Shell Centre redevelopment, in a joint venture with Qatari Diar.
Canary Wharf Group has recently appointed Eric Van Der Kleij, Chief Executive of the Tech City Investment Organisation as a special advisor to help build on the vision for a fluid and far reaching “Tech City.” Van Der Kleij will look at the office space requirements for growing technology, telecoms and media companies, in particular those active in financial technology. Part of his role will look at ways that Canary Wharf Group can help London’s technology firms win new business, finance, talent and mentoring at Canary Wharf.
The Infosys Experience Centre showed attending media how world-leading information technology companies are already using Canary Wharf as a front office location to showcase their services with the latest world-class interactive marketing tools. Infosys uses its Experience Centre at 10 Upper Bank Street, in close proximity to many of its major UK clients, to demonstrate their global delivery model in over 30 countries and how they are building tomorrow’s enterprise.
Srikanth Iyengar, Global Sales Lead at Infosys in London said: “For our clients, it is important that we have a strong local presence in London. We are able to spend time with them to understand their business today and their strategy for tomorrow, drawing on the talents of people from the local community and across the world.”
For further information, please contact:
T: +44 (0)20 7269 9361 direct
M: +44 (0)7515 597 436 mobile
Canary Wharf Group plc
T: +44 (0)20 7418 2326
M: +44 (0)7779 888 075
NOTES TO EDITORS:
1) 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:
Oracle Financial Services
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 IT services 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.
Various members of the WIRED 100 (Wired magazine’s list of digital power brokers) are based at Canary Wharf, including Rory Sutherland, VP, Ogilvy Group UK and Alex Balfour, Head of New Media, London 2012.
Jane Moran, Chief Information Officer of Canary Wharf-based Thomson Reuters, was recently named one of the 10 most powerful women in the tech sector.
Canary Wharf Group recently established Wired Wharf, a social network for the technology, media and telecomms community in Canary Wharf and beyond.
LinkedIn — Wired Wharf: http://www.linkedin.com/profile/view?id=190607602&trk=tab_pro
LinkedIn — Wired Wharf Community: http://linkd.in/Mb5dzS
2) 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
3) About Infosys Ltd
Many of the world’s most successful organizations rely on the 151,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com