Brookfield to Convert Part of Canary Wharf into Data Centers

Brookfield Asset Management plans to develop data centers at London's Canary Wharf financial district, CEO Connor Teskey told CNBC on Thursday. Teskey said the company will bring data centers to the site, which it co-owns and manages with the Qatar Investment Authority through the Canary Wharf Group property company. The firm already holds a multi-gigawatt portfolio of data centers worldwide.

Brookfield invests across real estate, infrastructure, renewables and private markets. It launched a dedicated AI infrastructure fund anchored by Nvidia in November 2025 and has agreed dedicated AI partnerships with the governments of France and Sweden. Teskey identified soaring energy demand, greater digitalization and the rewiring of global supply chains as three key investment trends.

He said the combination of increased energy needs and the productivity benefits of AI creates an immense need for capital and makes investment attractive. Teskey acknowledged pockets of froth in the current market and called for increased investment discipline, but added that the environment does not diminish the appeal of the underlying trends.