Canary Wharf Group is to dedicate a further 15,000 square feet of office space at One Canada Square to accommodate growing demand from high growth technology companies in London.
The launch in March of fintech accelerator space Level39 at Canary Wharf been an unqualified success, with over 310 applications received and all of the fixed and hot desk space in occupation. To respond to this greater than expected demand, the Group has created an additional 'high growth' expansion space on the forty-second floor.
The new facility, ready for occupation this week, will meet the demand for office space in Canary Wharf from technology companies expanding out of Level39 and its accelerator programmes. The Group has already exchanged contracts for immediate occupation with three start-ups; Digital Shadows, Crowdrooster and Growth Intelligence, all graduates of Level39.
The Group is speaking to a further 11 technology companies about occupying the new space, which can accommodate businesses of 8 to 60 people.
Eric Van Der Kleij, head of the Level39 Technology Accelerator at Canary Wharf Group says: "Level39 is a soft landing for technology companies at Canary Wharf. Beyond that, we can help firms scale up in a very short space of time, moving from say a dozen employees to a hundred, then to a thousand, without having to be displaced from the local area."
He adds: "The aim is for us to offer something completely new for London, a physical centerpiece for Fintech which complements the other tech clusters across the UK and helps cement London's position as the tech capital of Europe, while helping to return the financial services sector to growth."