(MENAFN) The Qatar investment Authority (QIA) and Canary Wharf Group (CWG) have revealed the first architectural renderings of their highly anticipated redevelopment project for 8 Canada Square, an iconic building located in Canary Wharf. Fully owned by QIA, 8 Canada Square will undergo a significant transformation with CWG serving as the development partner.

Kohn Pedersen Fox (KPF), a globally acclaimed architectural firm, emerged as the winner of an international competition organized by QIA and CWG to reimagine the building. KPF will lead a distinguished team of design, engineering, planning, and delivery experts in what is expected to be one of the largest redevelopment projects globally. The redevelopment is scheduled to commence in 2027, following the conclusion of the current HSBC lease.

The released images showcase the ambitious redesign of the 1.1 million square-foot building, which aims to evolve into a premier destination featuring top-tier workspaces, leisure facilities, entertainment options, educational spaces, and cultural attractions. The revamped 8 Canada Square will offer businesses a distinctive environment with exceptional sustainability credentials, superior transport connectivity, and comprehensive amenities.

A notable feature of the redevelopment will be the creation of a new public route linking the adjacent Elizabeth Line station with Canada Square Park. This route, along with the provision of panoramic views across London from Canary Wharf, will be accessible to the public for the first time.

The transformation of 8 Canada Square underscores QIA’s commitment to pioneering multi-use real estate that integrates world-class environmental, social, and governance (ESG) standards while addressing the evolving needs of businesses. The project aligns with the growing popularity of Canary Wharf, which saw a record 67.2 million visitors in 2023.