According to a new report from DTZ Debenham Tie Leung, the office market in London E14 is now firmly established as a core London market and one of the most prestigious in Europe. Some of the world's leading banking and financial institutions have their European headquarters in Docklands and hi-tech and telecommunications companies have been quick to follow their lead with large-scale relocations to the area.

DTZ says the impact of the extension to the Jubilee underground line - completed in 1999 - has been substantial. Improved access, both to the City and West End, and to London City Airport, means that the area can now be considered as a viable European headquarters location.

And in the longer term, the Royal Docks and the Greenwich peninsula offer opportunities to establish the eastern corridor as an increasingly important location for London and provide a further platform for the regeneration of the rest of the Thames Gateway.

DTZ director Jonathan Evans said: 'The market, especially at Canary Wharf, has now achieved maturity and critical mass. Canary Wharf has consistently been chosen as a location as a result of certainty of delivery and, in the case of pre-lets, speed of delivery of quality accommodation in an attractive and secure environment. The scheme has set the benchmark for pre-letting in central London and, as a consequence, has given the capital a competitive edge in Europe.'

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