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Canary Wharf Snapshot
Built on the Isle of Dogs and dubbed a white elephant, Canary Wharf once had little to sing about -- but now it is chirping away. Perched three miles from the Bank of England in the revitalized Docklands of London, Canary Wharf was real estate mogul Paul Reichmann's 97-acre solution to the city's problems of high rents and scarce office space. The office and retail complex, when complete, will total around 20 million sq. ft. of space. The existing portions of Canary Wharf (more than 14 million sq. ft.) are 95% leased, with more construction underway. Songbird Estates, a consortium led by Morgan Stanley, owns a majority of Canary Wharf.
