Canary Wharf invests £90 million on site for new office space in E14
The Canary Wharf Group (CWG) has spent £90 million on the Wood Wharf site within London’s Docklands office district.
The 5 million square foot of vacant land is adjacent to the office towers of Canary Wharf and has been identified within masterplans as ideal for a combination of commercial and residential development.
With the Docklands already popular with leading financial institutions the new office space in E14 is anticipate to house 20,000 workers within 3 office blocks.
The Wood Wharf development will also deliver 1,600 homes within six residential towers. The proposals, developed by British Waterways and Ballymore property, also allow for a hotel, a health centre and an open air market.
Plans to build E14 offices to rent , residential blocks and a hotel adjacent to the Canary Wharf business district in London have been revealed by the
A spokesman for Canary Wharf Group drew a distinction between the established 1990s estate and the new addition saying: “Canary Wharf is a purely commercial development so it’s quite corporate. This [Wood Wharf scheme] is going to have a completely different feel to it.”
Construction is anticipated to commence within two years and completion set to coincide with the opening of Canary Wharf’s Crossrail Station in 2018.