E14 comprises a vast area of East London including the Docklands and the major business district of Canary Wharf which forms one of the two main financial districts in London, along with the City. The postcode also covers Limehouse and Poplar to the north of Canary Wharf, as well as the Isle of Dogs to the south including South Quay and Mudchute.
The area made up of the famous loop in the Thames was once a thriving community of dock workers centred around West India Docks, East India Docks and, later, Millwall Dock. Mass decline in the 1970’s left the Isle of Dogs impoverished until the development of office space in Canary Wharf.
Canary Wharf contains around 16 million sq ft of commercial space spanning an area of 97 acres of which around 49% is owned by Canary Wharf Group. The buildings have been designed by some of the worlds leading architects including Foster + Partners, Owings & Merrill and Cesar Pelli. The estate combines office buildings of the highest specification with world class amenities including health and wellness centres, leisure facilities and over 300 retail units which serve a workforce of approximately 125,000.
The estate has the second tallest completed building in the UK in One Canada Square, spanning 235 metres and only smaller than The Shard. The area prides itself on offering highly specified office space at a discount to Central London locations including the City. Other office buildings in Canary Wharf include 25 Canada Square, One Churchill Place, 40 Bank Street and 1 Cabot Square. The tower buildings offer unrivalled views for office space across the capital.
Canary Wharf continues to attract a broad range of global blue chip Banks, professional service firms and media corporations, including having the global HQ of HSBC, law firm Clifford Chance and The Economist Group. The New Phase development on the eastern side of the estate will provide a genuine mixed-use offering with emphasis placed on private rented residential and commercial space targeting a diverse range of occupiers including those from the TMT (technology, media and telecommunications) sector.
The estate benefits from exceptional transport links with access to the Jubilee line and DLR line which runs through E14, providing quick connectivity to Central London and beyond. The opening of the Elizabeth line at Crossrail Place will further enhance the area and popularity of office space in the postcode.
The Estate’s ability to continuously evolve has ensured it remains competitive relative to Central London’s other sub-markets and its attraction as a destination for corporate occupiers and residents alike is set to be further enhanced with the development of major new schemes across the Estate. New Phase development includes 2.0m sq ft of commercial offices, targeted at creative media and the tech sector which will transform E14 as a TMT location for office space. Completion of the first phase is anticipated early 2019.
Other developments within the postcode include North Quay to include 2.5 mil sq ft of office space and to commence once Crossrail has completed and One Bank Street with 700,000 sq ft of office space, 40% pre let to Sociate Generale.
BBG have acted for multiple tenants in Canary Wharf including Renaissance Capital and The Economist Group and have an extensive knowledge of office space in E14. If you would like further information or to discuss E14 property, please contact BBG on 020 3713 1950.