CANARY Wharf Group (CWG) has reported a £10 million increase in the value of its office portfolio during the first half of 2025, lifting the total to £4.3 billion. The uptick comes alongside a sharp rise in leasing activity, with more than 450,000 square feet of space secured across its estate during the first six months of the year, according to independent reporting.

The figures mark a modest but encouraging recovery for the Docklands business district, which has faced significant challenges in recent years following a shift towards hybrid working and departures by some high-profile tenants. Occupancy across CWG’s office estate has now climbed to around 89.2%, reflecting improving sentiment in the London commercial property market.

Recent successes include an expanded and extended commitment from Spanish banking group BBVA at One Canada Square. This deal forms part of a wave of transactions across the estate, with major financial and technology firms such as HSBC, Visa, Zopa and Revolut also reaffirming their presence at Canary Wharf.

Commenting on the BBVA agreement, John Mulqueen, Chief Investment Officer at Canary Wharf Group, said: “We are delighted to agree a new lease with BBVA, a prominent and highly successful company and to be a part of their continued success. We’re seeing strong demand in our leasing pipeline having announced approximately 250,000 sq ft of deals this year which is driven by business expansion, growth and a desire by businesses to bring their people together to collaborate.”

The combination of portfolio value growth and strong leasing activity is seen as a positive signal for the Docklands, suggesting that while the office market continues to evolve, Canary Wharf retains its status as a leading business destination in the capital.