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Cautious Note At Canary Wharf

LONDON-In a trading statement timed to coincide with the announcement of a plan to return capital to shareholders, Canary Wharf sounded a note of caution about the London office market.

By Graham Parker | Updated on October 19, 2001

LONDON-London should expect its office market to slow further, according to the developers of Canary Wharf. The company has issued a trading statement which is more downbeat than previously.

‘In the short term, the cyclical slowdown of the economy and the financial services sector, which has been exacerbated by the recent tragic events, will inevitably have an effect on the London office market in general,’ it said. But the company went on to underline its own secure position: there is not a single void among the 6 million sf so far completed at the Docklands office complex.

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