Canary Wharf Group has chosen five firms for its project management framework as part of a plan to revitalise its Docklands estate. According to industry website Building, the selected companies are Turner & Townsend, Gardiner & Theobald, Opera, Stace and M3 Consulting.
This project management framework is one of several being established by Canary Wharf Group across various disciplines. Earlier this year, the group awarded a cost consultants framework, which included Turner & Townsend Alinea, Mace, Atkins, and Exigere. Additional frameworks for structures and M&E are also in development.
The creation of these frameworks aligns with Canary Wharf Group’s strategic shift away from a predominantly office-focused estate. The group aims to diversify its tenant mix in response to evolving post-pandemic work practices and increased borrowing costs.
Sir Nigel Wilson, Canary Wharf’s non-executive chairman and former Legal & General chief executive, told the website, “Canary Wharf is becoming a city within a city with approximately 20 million square feet of vibrant space across offices, housing, retail and leisure.”
As part of this transformation, several projects are already underway including a 17-storey life sciences building, developed by Kadans and designed by KPF and a redesign of the 45-storey HSBC building at 8 Canada Square. Construction is set to start in 2027, following HSBC’s planned departure.
The Qatar Investment Authority, co-owner of the estate along with Brookfield (owner of Multiplex), has confirmed that formal construction on the HSBC building project will begin once the bank’s lease expires in three years.
