In what is describes as an “exciting addition to the world of business”, Canary Wharf Group has attracted a world-beating university to its docklands estate.
During the next 12 months University College London (UCL) will wind down its existing department of Management Science and Innovation. Its replacement, a new School of Management, will open for postgraduate teaching at Level 38, One Canada Square from September next year.
The school — which will occupy the entire 28,412 sq ft of Level 38 — will significantly expand UCL’s business and management research and teaching and focus on innovation, technology management, analytics and entrepreneurship.
In a statement the group said: “One Canada Square will provide an ideal environment to support UCL students and staff, delivering best-in-class facilities, networks and recreation as part of an enriched learning experience.
“UCL students will benefit from proximity to Europe’s largest financial-technology accelerator ‘Level39’ which offers its start-up members a strong growth environment, access to large technology corporates, banks and financial services and a carefully curated curriculum and mentor programme.”
Level39 is a Canary Wharf Group initiative across three floors of One Canada Square. The 80,000 sq ft space hosts an extensive events programme attracting up to 50,000 visitors a year and giving students unrivalled access to entrepreneurs, innovation and thought leadership across the technology sector.
“We are delighted to be welcoming University College London, one of the world’s top-ranked universities, to Canary Wharf,” commented group chairman and chief executive, Sir George Iacobescu. “The agreement between Canary Wharf Group and UCL will enable the brightest postgraduates to benefit from proximity to world-class financial and professional services institutions.
“These students will be able to experience the unique fusion between business and technology we enjoy here, through access to networks of business people as well as the technology corporates, entrepreneurs and innovators in the 180 startups residing in Level39,” he added.
The university’s remaining undergraduate programmes will continue to be based on the UCL’s Bloomsbury campus, but all students will be able to take advantage of the benefits offered at Canary Wharf.
Professor Anthony Finkelstein, dean of UCL’s engineering faculty, claimed the new School of Management will strengthen relationships between students, businesses and research by providing a fertile environment for sharing knowledge and implementing new ideas.
“Being based at Canary Wharf and Bloomsbury, students will benefit from all the resources available on campus, but also have access to firms, internships and the opportunity to develop personal relationships with globally important companies in the heart of corporate London,” he said.
Canary Wharf offers over 300 shops, bars and restaurants and some of the most resilient infrastructure in London. Crossrail’s arrival in 2018 will double capacity to Canary Wharf and cut journey times into central London.
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