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Article: Canary Wharf faces City revival
- Article from:
- The Independent (London, England)
- Article date:
- July 7, 2009
- Author:
CopyrightCopyright 2009 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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While the Japanese financial services giant Nomura considers a
move to the City, and JP Morgan intends a shift the other way to
Canary Wharf, property analysts try to discern a trend. James
Thompson weighs the evidence
Ahead of the first banks opening there in the early 1990s, Canary
Wharf in east London was touted as the brave new world of London's
huge financial services industry. Over the next 15 years, many of
the world's biggest banks moved their headquarters to the Isle of
Dogs which became a fierce rival to the City of London.
But yesterday Canary Wharf was rocked when it emerged that
Nomura, the Japanese financial services giant, is set to move its
biggest UK office, along with ...