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News: The Canary Wharf Group

The Canary Wharf Group this week announced proposals for a new 30 storey office tower as part of its third phase development. Lease terms have already been agreed with international law firm Clifford Chance. CWG executive chairman Paul Reichmann said the new phase would include two other towers, the new Jubilee Park and retail space.

Construction new orders fell by 8% over the last three months. Latest figures from the Department of the Environment, Transport and the Regions show that the fall occurred in all sectors, with public works - excluding housing and infrastructure - suffering most.

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