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5 Canada Square

Coordinates:51°30′20″N0°01′07″W / 51.505556°N 0.018611°W /51.505556; -0.018611
From Wikipedia, the free encyclopedia
Office building in Canary Wharf, London, England

5 Canada Square
Map
Interactive map of the 5 Canada Square area
General information
StatusCompleted
TypeCommercial offices
Architectural stylePostmodern
LocationCanary Wharf
London,E14
United Kingdom
Coordinates51°30′20″N0°01′07″W / 51.505556°N 0.018611°W /51.505556; -0.018611
Construction started1999
Completed2003
Height
Roof87.70 m (287.7 ft)
Technical details
Floor count16
Floor area46,450 m2 (500,000 sq ft)
Design and construction
ArchitectSkidmore, Owings & Merrill
References
[1][2][3]

5 Canada Square is a 15-storey, 87.7 m (288 ft) office building in theCanary Wharf financial estate ofLondon,England.

Overview

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5 Canada Square was completed in 2003. The steel-framed building has an aluminum curtain wall and it features a large atrium on its south side with 46,450 m2 (500,000 sq ft) of floorspace.[4]

The principal tenant at 5 Canada Square is the European arm and HQ ofBank of America Securities. The building is used for the bank’s global cash-management business for clients.[5]Credit Suisse also occupies part of the building.[6]

History

[edit]

In 2003,Royal Bank of Scotland (or RBS) bought 5 Canada Square along with25 Canada Square, another Canary Wharf building, for a total of £1.1 billion from Canary Wharf, a major property firm that developed the facility.[7] 5 Canada Square was originally leased by Credit Suisse First Boston but after a banking downturn and not needing the space, Credit Suisse let the space toBank of America.[6]

In July 2007, the building was sold by RBS to Evans Randall, a banking firm, for £452 million, making it the firm’s largest UK investment to date.[8] In 2011, Bank of America chose to renew its lease at 5 Canada Square instead of move to another London location.[5] The building was subsequently sold to St Martins Property Group in January 2013.[9]

From late 2016,Thomson Reuters is due to sublease 350,000 sq ft from Credit Suisse until 2020, consolidating all of its London operations under one roof for the first time.[10]

References

[edit]
  1. ^"Emporis building ID 100083".Emporis. Archived from the original on 22 April 2016.
  2. ^"5 Canada Square".SkyscraperPage.
  3. ^5 Canada Square atStructurae
  4. ^.Canary Wharf Group website, accessed 10 June 2011,"Canada Square". Archived fromthe original on 22 July 2011. Retrieved10 June 2011.
  5. ^abTom Bill (4 February 2011)."Bank of America Said to Keep Treasury Business at Canary Wharf".Bloomberg News. Retrieved2 March 2013.
  6. ^abShah, Saeed (10 January 2002)."Credit Suisse Rents out Surplus Docklands Space".The Independent.
  7. ^"Canary Shares Soar on Bid Hopes".BBC News. 5 December 2003. Retrieved2 March 2013.
  8. ^"Property Week, Evans Randall £452m Canary Win".Property Week. 27 July 2007. Retrieved2 March 2013.
  9. ^"St Martins buys 5 Canada Square from Evans Randall for close to £385m".CoStar UK. 29 January 2013. Retrieved21 November 2013.
  10. ^Buckley, James (17 March 2016)."Thomson Reuters signs 350,000 sq ft deal to bring all London staff under one roof". CoStar. Retrieved6 June 2016.

External links

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