Nearly £1bn has been wiped off the value of Canary Wharf offices as the district falls out of favour and big names depart for buzzier parts of London in the wake of the pandemic. Canary Wharf Group (CWG), which is co-owned by the Qatar Investment Authority and US investment group Brookfield, reported the drop-off amid a spate of high-profile exits. Its latest annual report revealed that the value of its property portfolio fell 14.7pc to £6.8bn in 2023, which comes after a string of corporates confirmed plans to quit the district.  This includes HSBC and magic circle law firm Clifford Chance, both of which are moving to the City once their respective leases run out in 2027 and 2028. Last month, ratings agency Moody’s also revealed its decision to quit the district for a different office in the City, while collapsed lender Credit Suisse is leaving after its integration into UBS. However, not all companies are keen to leave Canary Wharf, as Morgan Stanley, Barclays and Citi have all stressed a desire to stay put. The area, which got its name from the quay where fruit and vegetables from the Canary Islands were once offloaded, has struggled to attract workers...