International bank HSBC is going to leave its dockside headquarters for a smaller office near St Paul’s and it’s estimated that the bank’s departure will decrease the area’s value by £542m. So how does the financial district counteract this loss? Well, Canary Wharf has ambitions to become a tourist destination. “How do you turn the most corporate, concrete, soulless corner of the city, five miles from Trafalgar Square, into a place that people actually want to come and visit?” asks Greg Dickinson in The Telegraph. Well, quite.
When they built that urban monstrosity, I doubt they ever imagined that those ‘big players’ would vacate the buildings one day. Why not turn them into affordable accomodation for young Londoners who are paying too much private rent?
Cheers, Pete.
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At least they built them away from the City, unfortunately now there’s a race there to built the most ‘impressive’.
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