
The Banker
February 24, 2025 at 11:23 AM
🏢 After more than 25 years at 8 Canada Square, HSBC is set to leave Canary Wharf for the City of London — a move reflecting a broader shift in the district. With Moody’s and Clifford Chance also departing, and others downsizing their presence, Canary Wharf is facing significant change.
📉 Property values in the area have taken a hit, with home prices dropping nearly 8% last year. Meanwhile, Canary Wharf Group is pushing to revitalise the district, with projects like Eden Dock and a £600mn remodelling of 8 Canada Square aiming to attract new tenants and residents.
🌆 Canary Wharf has long been a symbol of London's financial might. Can it successfully reinvent itself for a new era, or will the City continue to pull business away?
*Read more here:* https://on.ft.com/4hQUpYH