The Motorexpo will no longer be held in Canary Wharf, organisers have confirmed.

The annual free show, which the company says is the best attended motoring event in the UK, will close after nearly 20 years on the east London estate.

During previous shows visitors have been able to test drive a number of cars and check out the latest models from brands like Ferrari, Lamborghini and Porsche.

Motorexp CEO Graeme Carver said: “We have been in discussion regarding the footprint required for the show for more than a year but sadly Canary Wharf are unable to continue with the long-term commitment.

The Zenos E10 S is a sleek, sharply styled sports car

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Naturally we are very saddened that the show has now come to an end and I’m sure the news will come as a big disappointment to Motorexpo visitors and manufacturers that attend each year.”

According to the organisers around 400,000 people attended last year’s June show.

Motorexpo was created back in 1996 by Graeme and over the years it has been visited by big names like Prince Michael of Kent, Nigel Mansell CBE and Sir Frank Williams.

Graeme said “Naturally my team and I are hugely disappointed, but I guess all good things come to an end. We will all miss so many things about the Canary Wharf Motorexpo, but for me it will be the smiles on the faces of the visitors to the show and seeing all the great cars together in one place."

Canary Wharf Group managing director, retail and chief administrative officer, Camille Waxer said: “Motorexpo has been integral to our programming and we’ve enjoyed a good partnership for 20 years with The Aspect team.”