INDUSTRY NEWS

Canary Wharf Group to open London office space for start-ups

Canary Wharf Group has unveiled plans to open a new London office space for small start-ups in the financial technology sector to create, test and market their products from.

Following in the footsteps of Google – with its Camden Campus – and Telefónica – with the office space offered by its Wayra start-up academy -  Canary Wharf Group’s office offering, currently dubbed Level39, will be located on floor 39 of One Canada Square. It will cover the floor’s entire 29,000 sq ft.

The office itself will reportedly feature groups of ‘sandboxes.’ These spaces will allow software engineers to work on refining and testing, as well as showcasing, their creations; it will also feature a corridor -  currently entitled the Unique Technology Tunnel – displaying live data and various other pieces of interactive software. This corridor will lead visitors into a space dedicated to events featuring 200 seats.

Entrepreneur and chief executive of Tech City Investment Organisation, Eric van der Kleij is set to lead the initiative.

He stated: “This will be a place for industry experts to come together, share knowledge and develop up-and-coming talent with a view to bringing new products and services to the market.”

Mayor of London, Boris Johnson, stated that Level39 would help to harness the talent within the area. He said: “Attracting the brightest entrepreneurial minds is crucial if London is to maintain its position as the world’s foremost financial centre.

“Level39 is sure to foster talent and help the capital’s technology and financial sectors flourish, in turn driving jobs and growth,” he added.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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