Qatar Investment Authority and Canary Wharf Group have unveiled plans to transform the former HSBC office building in Canary Wharf into a mixed-use building.
Located at 8 Canada Square, the 1.1 million sq ft building will undergo redevelopment which will see it include entertainment amenities, workspaces, leisure facilities, education and cultural attractions.
Qatar Investment Authority and Canary Wharf Group also plan for the building to have high sustainability credentials. The plans will also allow a new publicly accessible route between the adjacent Elizabeth line station and Canada Square Park.
The project is set to begin in 2027, following the expiry of the current HSBC lease. Architectural practice Kohn Pedersen Fox will work with another team across design, engineering, planning and delivery on the redevelopment project.
8 Canada Square is fully owned by QIA, and CWG is the development partner. They will both work with the London Borough of Tower Hamlets and the appointed team to develop plans and submit a planning application.
What they said
Shobi Khan, CEO of CWG said: “We look forward to working with QIA on 8 Canada Square to deliver a building of outstanding design, engineering and sustainability standards. This redevelopment is another step in Canary Wharf’s evolution into a vibrant mixed-use neighbourhood offering workspace, retail, homes, leisure and amenities all in one location – a true 15-minute city.”
Elie Gamburg, design Principal at Kohn Pedersen Fox said: “We are extremely excited to collaborate with QIA and CWG to reimagine the single-use office building as a blueprint for the highly sustainable, mixed-use building of the future. This transformation embodies the ethos behind much of our work, we see it as an integral part of the evolution of today’s single-use neighbourhoods into vibrant mixed-use neighbourhoods of tomorrow – an evolution of which CWG is already leading the way.”