Canary Wharf, once one of the busiest docks in the world during the 19th-century, is today one of the major business and financial districts in London. Containing One Canada Square, the UK’s second-tallest building, it is a hub of office and retail space. With more than 100,000 people working there, it’s home to the European headquarters of numerous businesses including J.P. Morgan, RBC and Morgan Stanley.
Originally built as a dock for the fruit trade of the Canary Islands, the wharf saw a decline in business in 1960 that continued until 1981, when it closed. After several years of inactivity, the idea was hatched to turn the Wharf into a thriving business district. Originally met with skepticism, the project was eventually well-received and has led to not only a revitalization of this part of London, but has also resulted in numerous jobs for local residents. In fact, it is currently estimated that over 7,000 residents work at Canary Wharf.
What has helped transform Canary Wharf into a sought-after destination for various businesses is establishing links between it and many modes of transportation. Using the Docklands Light Railway, the Wharf finds itself linked to London City Airport, providing the Wharf with a valuable asset when businesses are considering locating there. Several public bus routes also serve the Wharf, including both day and night routes. For those who prefer to bike to work, the Wharf is located near Cycle Superhighway CS3 and the National Cycle Route.
With its rich tradition and ever-expanding role as one of Europe’s leading business districts, Canary Wharf is poised to continue its march into the 21st-century. Whether it’s being used as a location for motion pictures or as the European headquarters for an international business, Canary Wharf will continue to stand the test of time.