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Article: Has Canary Wharf tried to fly too high? News Analysis: Wave of building raises fear that seeds of future problems lie in apparent success
- Article from:
- The Independent (London, England)
- Article date:
- November 9, 1998
- Author:
CopyrightCopyright 1998 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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"I DO THINK that at last Canary Wharf has got its act together," a
leading property analyst remarked last week. With the 4.5 million
square feet of development 99.9 per cent let, three buildings under
construction and several investment banks rumoured to be moving to
London Docklands, prospects look encouraging.
Stories about a new one million square foot office block, a twin-
tower headquarters building, and suggestions that Dresdner Kleinwort
Benson is about to relocate from the City to Canary Wharf have all
fuelled the rumour mill in recent weeks - despite being denied.
But in Canary Wharf's success lie the seeds of possible problems.
Having fallen into administration in 1992 because of ...