INDUSTRY NEWS

Canary Wharf Group unveils New Wood Wharf London office mixed-use sche

Canary Wharf Group has revealed its plans for a massive 22.8 acre mixed-use scheme in Canary Wharf.

Planning permission has been submitted for the New Wood Wharf London office led mixed-use development, which will be built on the eastern edge of the Canary Wharf area.

In total, the scheme will include 2.57m sq ft of new Canary Wharf office space, predominantly focussed on winning over creative media and technology firms to move into the area. It will also feature more than 100 shops, restaurants and cafés over a massive 340,000 sq ft of space.

Two of the office buildings, designed by Allies and Morrison and offering more than 216,000 sq ft of office space, will be constructed as part of Phase I of the developments. This is in addition to the development of more than 884 residential units across three buildings.

Canary Wharf Group chairman and chief executive, Sir George Iacobescu, said: “This represents the continued redevelopment of East London almost 30 years after the original transformation of Canary Wharf began.

“The revised masterplan will create a strong and complementary mix of uses, and provide new homes, offices and retail spaces set within a network of streets and public spaces, designed to support the social life of new residents, employees and the surrounding community.

“It is a reflection of the demand we are seeing in the market, and is an opportunity for us to further expand the appeal of Canary Wharf by creating a new and exciting mixed use neighbourhood at Wood Wharf which will offer greater diversity and amenity and a richer urban fabric for the fast emerging City Centre of Canary Wharf”

If planning permission is granted for the New Wood Wharf development, work is then expected to begin at the end of 2014 with construction of the site’s first buildings set to be completed by 2017.

By: Kirsty MacGregor

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