Property of Canary Wharf

Canary Wharf in England, London and Tower Hamlets is one of the largest business development groups on the Isle of Dogs, which is centered on the in the London Dockland’s old West India Docks. One can find the three tallest buildings in UK in the traditional financial centre of Rivalling London, The Square Mile and Canary Wharf. The three tallest buildings are Citigroup Centre joint, HSBC Tower and the One Canada Square (commonly known as Canary Wharf or The Wharf Tower).

Canary Wharf- The History

Canary Wharf, which can be easily seen from the Tower Bridge Canary Wharf has been built on the site located near West India Docks, Isle of Dogs. It was one of the most busiest docks in the world from 1802 to 1980. There were nearly 50,000 people being employed in this area. Well, the name Canary Wharf property comes with related to the Canary Islands.

During the Second World War, the original warehouses in the docks area were badly damages due to heavy bombing. There was a decline witnessed in the port industry, although the city slowly started to recover during 1950s. There are some major reasons like lack of flexibility and containerization, which granted a less viable post to central London. The docks were finally closed by 1980.

Thousands of people were suffering from unemployment in Docklands and moreover, the city slowly started to ruin and finally, marked a major change in the economy of the entire world. There was a project carried out under the government of Margaret Thatcher during the year 1981 exclusively to revitalize the eight square miles in London Docks. Initially, only the small-scale industries in Canary Wharf were focused for the redevelopment.