Canary Wharf Management wins local FM deal

04 March 2010

The new owner of 5 Churchill Place at Canary Wharf has appointed Canary Wharf Management Limited (CWML) to deliver FM for the recently completed 12 storey building.

In December the 314,000 sq ft. office was bought by 5 Churchill Place LLP for £208m. The new owner appointed CWML, a wholly owned subsidiary of Canary Wharf Group plc (CWG) to manage and operate the building and equipment in a safe, secure and environmentally-friendly way, retaining the long-term asset value. The 10 floors of the building is let to J P Morgan Markets Ltd.
The announcement demonstrates the continued growth of FM as a revenue stream for CWML. The company now manages over 4m sq ft of Grade A office space and approximately 660,000 sq ft of retail space, as well as all external areas on the 97 acre Canary Wharf estate.
Peter Kyte FRICS, Managing Director of CWML said: “Facilities management is a growth area for us and we are delighted to have won the contract at 5 Churchill Place. Canary Wharf is home to a number of the world’s best companies and retail brands and they demand exceedingly high standards of facilities management. Our integration with the design and construction areas of the business and experience from managing the Canary Wharf Estate for the past 20 years puts us in a good position to win new business in the future, both at Canary Wharf and elsewhere.”
The 12 storey 5 Churchill Place was designed and constructed by Canary Wharf Contractors Limited, a wholly owned subsidiary of CWG. The lead architect was HOK International. The building is at the East end of the Canary Wharf Estate, adjacent to the Barclays global headquarters at One Churchill Place, the recently completed State Street building and the new Churchill Place retail precinct, featuring Jamie’s Italian restaurant.