Canary Wharf office block value down £180m

The value of Canary Wharf’s office blocks fell by £180m last year, with analysis showing that the office estate owned by Canary Wharf Group (CWG) saw its value fall by 4.1% to £4.2bn in 2024. This decline was not as steep as that recorded a year earlier, when the value fell by £954m. CWG, which is owned by Canadian property investment firm Brookfield and Qatar’s sovereign wealth fund, said its portfolio of retail properties increased by 0.9% to £1.2bn but residential property values dropped 7.2% to £208m. Overall, the value of the entire estate fell by 1.2% to £6.8bn in 2024. 

Daily Mail (17/04/2025)   Financial Times (17/04/2025)   The Daily Telegraph (17/04/2025)