Hayden Ferriby’s Post

Canary Wharf is evolving from a purely office location into a vibrant mixed-use neighbourhood with broader occupier appeal. Mark Swetman discussed with Andy Hillier at Property Week on the strategic investments needed for its continued relevance and attractiveness. This includes, modernising the existing office spaces to meet #sustainability and technology standards. Green buildings with smart infrastructure attract large-scale businesses committed to corporate social responsibility and offer long-term energy cost savings. Recent investments in green energy plans underscore Canary Wharf's sustainability commitment. Enhancing the mixed-use nature of #CanaryWharf to bring much-needed change. As employers favour central locations near amenities, Canary Wharf must expand its retail, residential, open spaces, and cultural initiatives. Creating a holistic environment where people can work, live, and play will significantly boost the area’s appeal. With strategic #investment and government support, Canary Wharf can maintain its status as a top employer choice, thriving in the evolving commercial real estate landscape. Read the full article here: https://shorturl.at/xjLPk John Mulqueen Justin Phillips David Weatherhead

The disaster that is Canary Wharf! I read in today's FT that Canary Wharf is 'struggling to reinvent itself as tenants slip away'. It should never have been invented. The Canary Wharf we now know came to life in the early 90's. The firm I worked for - Ogilvy - was one of the 'early adopters' who moved to 10 Cabot Square in 1992. It was a catastrophically bad decision. Billed as a mecca for the future of work, it was where workers went to die. Back then there was no DLR, no tube, no nothing really. The lack of transport meant that, for anyone not living in East London, the journey to work was slow and tedious. So on approach you were predisposed to be grumpy. But proper depression was reserved for arrival. Just one cafe, half a square and many cranes. Even then you had a glimpse of the horror to come. Many more - ever bigger - 10 Cabot Squares have been built. All neat and clean. All soulless and antispetic. Canary Wharf is a couple of miles away from the Square Mile and the West End but a million miles away from the chaotic creativity that drives the great living cities in the world. Our move to Canary Wharf was billed as pioneering. I am quite sure it worked on a spreadsheet, but it failed to recognise the importance of place, and the impact that has on mood and productivity. The good news is we are learning from our mistakes. The creative and tech hubs growing up in London (Old Street, Kings Cross) are woven into the city, not hermetically sealed ecosystems of concrete and glass.

Are we seeing the end of Canary Wharf? Rising vacancy rates. Outdated infrastructure. Major tenants are leaving. Costly building renovations. The original grand vision of a thriving, integrated neighbourhood is starting to feel distant. With more and more offices becoming vacant, the identity of Canary Wharf is at stake. And to be honest, without an immediate strategy CW risks becoming London’s centre of missed opportunities and unfulfilled potential. Here’s what I’d like to see: - More community-first funtertainment (hello Padium) - Diverse range of tenants beyond finance - More reasons to visit on the weekend And finally... - New types of buildings which have a purpose to reflect the diverse cultures in London. To move forward they must start to reimagine the identity of Canary Wharf and re-establish true reasons to visit, work and live there. They probably need to say goodbye to the old vision they once had for it. I’d hate to see it fail. What would you do to change it?

Discover what renters across generations really want! From pet-friendly spaces to high-quality amenities, preferences are evolving. Curious to see how your needs stack up? 👉 Read more: https://hubs.la/Q02Dv8qm0 #RentalTrends #HousingMarket #RentalsforNewcomers

The Lane Cove Canopy shopping development in Sydney, Australia, is a prime example of good town planning. This mixed-use development integrates seamlessly with the existing urban fabric, providing ample green spaces, sustainable design principles, and modern amenities. It fosters a sense of community through its central gathering space and encourages social interaction and community events. With accessibility in mind, it offers pedestrian-friendly walkways, ample Ticketless Parking, and proximity to public transport, making it easily accessible for people of all ages and abilities. By attracting new businesses and visitors, it provides a significant economic boost to the local economy, creating job opportunities and supporting local retailers. Overall, this development exemplifies thoughtful, sustainable, and community-focused urban planning, setting a standard for future developments in suburban areas. Mission Dynamics® https://lnkd.in/gk6rayXW #business #venturebuilding #saas #strategy #mentoring #governance #management #startup #capital #creativity #curiosity #care #sales #marketing #education #ai #sustainability #communityfocused #urbanplanning #mixedusedevelopment #Sydney #Australia

Canary Wharf is navigating a transformative period as key tenants like HSBC and Clifford Chance depart, leaving significant office space vacant. The rise of hybrid working and the need for costly upgrades present challenges. However, Canary Wharf Group is diversifying into residential, retail, and life sciences sectors to revitalize the area. With strategic investments and support from its owners, the future of Canary Wharf looks promising. #CommercialRealEstate #CanaryWharf #HybridWork #RealEstateInvestment

What is happening in Canary Wharf?   It is no secret that over the last couple of years, the financial hub of London has been on the decline. Major firms including HSBC and Clifford Chance are departing Canary Wharf in favour of smaller office spaces in the City.   The post-pandemic rise of WFH, which has since become the new norm, makes it hard to justify the necessity for large offices. Those who are working in-person are also reluctant to spend extra time commuting out to the Docklands.   On top of this, the energy crisis which sent costs soaring combined with a more turbulent macro-economic climate this past year is putting unnecessary office space in the firing line for cost cutting and profitability measures. This rental recession has made Canary Wharf the emptiest since 2005 at 15% office vacancy.   It is not all doom and gloom, however, as many expect a resurgence for the district. Most recently, Morgan Stanley has extended a further 14-year lease, and Citi Bank have commissioned a £100m revamp for their tenancy.   Canary Wharf is also beginning to diversify beyond its traditionally banking-centric roots. In the last 10 years, financial services tenants have actually decreased proportionally from 70% to 55%. The Government intends to promote a new hub for the life sciences industry with the development of “Europe’s biggest life sciences campus” and opening of a new 40,000 sq ft lab.   The diversification of Canary Wharf extends beyond just offices though, with the retail and hospitality side showing signs of prosperity. The latest Spring Budget saw Jeremy Hunt commit a further £242m to support the building of 8000 new homes in the area. New investment in the property market, better local amenities and improved transport links with the new Elizabeth line is encouraging new residents to the area. The 3500 current residents is set to double with the expansion of the new Wood Wharf estate following over £500m of investment. Over 310 retailers and 74 cafes and bars make up an impressive 97% retail occupancy and a record breaking 67 million visitors in 2023 as the hospitality and retail sectors continue making progress.    As a financial centre, it is fair to say that the Docklands area is declining. However, a transformative Canary Wharf as a business, retail, residential and hospitality district is building strong momentum.   What do you think the future holds for Canary Wharf? #canarywharf #financialservices #office #workfromehome

Key Housing, a prominent provider of short-term housing solutions in California, has announced 'The Residences on Jamboree' in Irvine as its featured technology listing for August 2024. This top-rated apartment complex offers corporate travelers a comfortable 'home away from home,' catering to the thriving technology sector of Orange County. Bob Lee, spokesperson for Key Housing, emphasized, 'Orange County is not just an emerging tech hub; it's second really only to Silicon Valley as a center of technology in California.' The Residences on Jamboree exemplify the high-quality, comfortable living arrangements that busy technology professionals need when seeking short-term housing in Irvine. Strategically located in the heart of Orange County's technology sector, The Residences on Jamboree boast tasteful architecture and countless amenities, providing a perfect balance between work and relaxation. With fully equipped kitchens, spacious living areas, and private balconies or patios, these apartments offer a preferable option over traditional hotels for business travelers. Irvine has become a pivotal market for industries like gaming, software, cybersecurity, and engineering, with prominent companies like @broadcom and @blizzardent having long-standing roots in the area. The Residences on Jamboree's proximity to major business centers, shopping, dining, and entertainment options, coupled with amenities like a fitness center, conference room, and resort-style pool, ensures professionals can enjoy a high quality of life while staying productive. Key Housing's commitment to exceptional housing solutions is reflected in this featured listing, offering technology professionals seeking temporary accommodations in Irvine, California, a superior living experience. #corporatehousing #shortterm #irvine #techcenter #orangecounty Key Housing Connections

When trees start to bloom then it's that time of year when Downtown Van releases our State of Downtown Report. We are incredibly proud of this one as it provides more insight than ever into Vancouver's city centre. Here are a few of the many findings that help paint a holistic picture of what the downtown Vancouver community is experiencing. 1) More people are coming downtown than before the pandemic. But they are visiting less often. 2) Economic conditions and barriers continue to make it difficult for storefront businesses to survive. 3) Now that downtown has completed its major office development cycle, sights are set on addressing Vancouver's hotel room shortage as tourism demand continues to grow. Download the report here: https://lnkd.in/gB6HbZxk

[NEWS] Urban Rest expands in the UK with East London opening Flexible living operator Urban Rest has opened the first phase of its Hackney serviced apartment property in East London. With a second phase set to launch in 2025. The property will offer 30 serviced apartments once complete. 🏙️✨ The apartments are powered by Guesty’s digital platform, enhancing guest check-in and communication. 📲 Izabela Szumiers, managing director for Europe, said, “We’re excited to bring flexible living and personalised service to Hackney as part of our UK expansion.” 🌟 Urban Rest also operates in Battersea, Canary Wharf, and Notting Hill, with plans for Spitalfields in 2025. Read the full article HERE >> https://lnkd.in/gsq7XHE5 Reading Time: <1 minute #urbanrest #flexibleliving #servicedapartments #hospitality #businesstravel