Morgan Pryce has been watching with interest the hottest development bidding war for years. The battle ground is the famous Shell Centre on London’s historic Southbank and the prize one of the most viable and potentially profitable sites in London.
It is no surprise that Canary Wharf Group have claimed a victory against other high profile bidders such as Development Securities and London & Regional. The Canary Wharf Group have a long association with delivering world class business environments, and the proof is clear to see for any visitor or tenant of E14 these days. Perhaps a factor was their relationship with the seller, Shell, who are moving to a new HQ at the main estate at Canary Wharf island.
Canary Wharf’s plans for the redevelopment of the former Shell buildings are as yet unseen by the public, and the Morgan Pryce team wait in anticipation.
Director David Perrins commented:
“Waterloo has long proved a popular location for people looking for offices to rent including serviced offices. The problem is usually sourcing quality buildings. Properties such as Elizabeth House and the buildings on Waterloo Road offer functional offices at reasonable prices but they come with the uncertainty of short leases. So the news that Canary Wharf Group are taking on the challenge of delivering new offices to Waterloo is fantastic news for our clients in 2016.”
If your company is looking for a new office in Canary Wharf or Waterloo please contact Morgan Pryce on 020 7292 4710.
