Canary Wharf is the second financial district of London. The area of Canary Wharf was initially developed in the 1990s in the wake of the deregulation of the financial sector in the late 1980s when there was a huge demand for floor space.
Previously Canary Wharf was part of the West India Docks and from 1802 and it was one of the busiest docks in the world. However, this port industry started to decline in the 1950s and was closed in the 1980s.
Although the 1st stage of the development was completed in the early 1990s, it only took off only when it was linked to the Jubilee Line Tube (London Transport Underground system) for the millennium. Transportation to this business district was inadequately served by the Dockland light railway system.
Structural outline of Canary Wharf
The image shows the basic outline of the Canary Wharf Development. The area around the river front is kept clear so that the energy from the river bend can enter the business district.
It is built along a spine (North and South Colonnades) with buildings on either side. The centre piece being One Canada Square which is one of London’s tallest buildings with 50 storeys and 235 metres high. This tower is a symbol of the regeneration of Docklands.
In the centre of the “spine” there is an underground shopping mall known as Cabot Square Shopping Mall. The entrance to this mall is in Cabot Square which faces the river. There is a smaller shopping mall – Jubilee Place at a quiet corner and linked with the Jubilee Line Station.
Feng Shui Analysis
The energy from the turn of the river enters the Gap and then allow to flow down the 2 roads (North and South Colonnades). Energy is allow to enter the complex through Cabot Square.
All the building by the Colonnades have their entrances by the road so that energy can easy enter the building thereby filling the properties with energy.
The main building of this complex is One Canada Square (marked B). There are various entrances to this building allowing this energy to get in. One conduit is the Cabot Square Shopping mall which allows energy from the entrance at Cabot Square (marked A) into One Canada Square.
The configuration of this landmark building is in the feng shui armchair configuration (marked C) . It as a clear view to the front with Citibank and HSBC buildings are on either side as the arms. The back rest are formed of the other buildings. The armchair configuration is a method for the building to retain the energy. See image.
The buildings in Canary wharf all have a regular shape. Either they are squares or rectangles. This is the ideal feng shui configuration in the building design. However, in the City of London, there are many different shapes as the developers are squeezing all the building into the available land.
The main Cabot Square shopping mall – which has the entrance facing the river in Cabot Square (A) is always buzzing with life with shoppers. There is another shopping mall, Jubilee Place, which is linked to the Underground system does not appear busy. It does not have any energy as it does not have an entrance gathering the energy from the energy rich areas of Canary Wharf. In my opinion, the Jubilee Place Shopping Mall was very much an after thought and the it was not in the initial design stages.
Test of the System – How successful is Canary Wharf?
The businesses in the Finance are very sensitive to success and failure. Should something not work, they are not afraid not to use it or not continue with it. Canary Wharf has continued to expand particularly after the commissioning of the Jubilee Line underground system to the district. It has about 100,000 people working there compared with 300,000 thousand in the City of London. However, a key indicator is the number of banking staff. In is claimed in the Financial Times, there are now more banking staff in Canary Wharf than in the City of London and the number continue to grow.
There is a continual programme of new office buildings in Canary Wharf indicating growth and confidence in the district.
Canary Wharf is now part and parcel of the business scene of London. It is probably the newest and most dynamic area of Business London.
(c) Copyright – Dr Michael Oon. All Rights Reserved Worldwide 2012.