1 Cabot Square

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1 Cabot Square
1CabotSquare.jpg
1 Cabot Square
1 Cabot Square
General information
StatusOperational
TypeCommercial
Architectural stylePost-modern
Location Cabot Square, Canary Wharf, London, England
Coordinates 51°30′21″N00°01′26″W / 51.50583°N 0.02389°W / 51.50583; -0.02389
Completed1991
Height
Roof89 m (292 ft)
Technical details
Floor count21
Floor area50,166 m2 (539,980 sq ft)
Lifts/elevators36
Design and construction
Architect(s) Pei Cobb Freed & Partners
References
[1]

1 Cabot Square (also known as the Credit Suisse building) is a 21-floor office building in Cabot Square, Canary Wharf, London, England. From its completion in 1991 until 2023, the building's primary tenant was Credit Suisse. [2] [3]

Contents

Project history

Original plans called for a skyscraper on this site for Credit Suisse First Boston, [4] however the slump at the end of the 1980s saw these plans scaled back.[ citation needed ]

Architect

The architect on the project was Pei Cobb Freed & Partners, and the building was completed in 1991. The project had two management contractors Ellis Don and Sir Robert McAlpine. [5]

Architecture

It is 89 metres tall (292 feet), with a floorspace of 50,166 square metres (164,587 square feet).

The building has large, open plates on the floor, that range in size from 64,500 square foot to 24,000 square foot in the executive offices. [6]

It is internally connected to the west, to 20 Columbus Courtyard, which is also connected to a full-height internal link to the north, 17 Columbus Courtyard. [6]

The building was the second largest building located at Canary Wharf, behind the Canary Wharf Tower. The Credit Suisse building has 18 stories with an additional two stories of plant at the top. [5] The building also has a two-story arcade that is located at the base of the building. The building was renovated in 2019. [2]

Ownership

In early 2012 it was purchased by Qatar's sovereign wealth fund Qatar Investment Authority (QIA) [7] [8] Subsequently, QIA considered selling it multiple times [9] before eventually selling to KB Securities of South Korea. [10]

The building is leased to Credit Suisse for around 20 years and part of Canary Wharf, of which QIA bought a majority in a joint venture with Brookfield Properties in 2015. [11]

See also

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References

  1. ↑ "1 Cabot Square". SkyscraperPage .
  2. 1 2 De Paoli, Lucca; Halftermeyer, Marion (30 October 2023). "UBS Takes Down Credit Suisse Logo From Canary Wharf Office". Bloomberg News.
  3. ↑ Walker, Owen; Oliver, Joshua (12 September 2023). "UBS kick-starts Credit Suisse exit from Canary Wharf". Financial Times.
  4. ↑ Isaac, Anna (21 March 2023). "Thousands of UK jobs at risk after UBS takeover of Credit Suisse". The Guardian . ISSN   0261-3077 . Retrieved 22 March 2024.
  5. 1 2 "Modern Docklands: Gazetteer of modern non-housing developments | British History Online". www.british-history.ac.uk. Retrieved 5 June 2021.
  6. 1 2 "One Cabot Square, London | 110696 | EMPORIS". www.emporis.com. Archived from the original on 1 December 2016. Retrieved 4 December 2020.
  7. ↑ "Qatar sov fund to buy Credit Suisse London HQ-sources". Reuters . 29 January 2012. Retrieved 4 December 2020.
  8. ↑ "Credit Suisse's Canary Wharf HQ sold to Qatar Investment Authority". The Telegraph . Retrieved 4 December 2020.
  9. ↑ "CS Canary Wharf Office: Twists and Turns". finews.asia. 28 June 2016. Retrieved 4 December 2020.
  10. ↑ "£460m One Cabot sale agreed 2.5 years on". www.egi.co.uk. Retrieved 4 December 2020.
  11. ↑ "QIA puts £450m Cabot Square on the block". Estates Gazette . Retrieved 4 December 2020.

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