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Monday 13 June 2016 – Media Release

Canary Wharf Group Appoints Three Leading Office Agents for New 22 Acre District

Canary Wharf Group has appointed CBRE, Cushman & Wakefield, and JLL as the office leasing agents for its new vibrant mixed use district, formerly known as Wood Wharf. This new district will comprise 4.9 million sq ft with 2 million sq ft of offices, 350,000 sq ft of retail and 3,500 homes.

Currently under construction, Canary Wharf’s new district will continue the diversification of the Canary Wharf Group portfolio, bringing residential accommodation to the Estate for the first time, providing a blend of private ownership, private rented (PRS) and affordable residential schemes, to create a unique and exciting live work environment.

The development will encompass 22 acres, including 9 acres of interconnected parks, piazzas, riverside walkways and garden squares to extend the appeal of Canary Wharf as a progressive working and living urban district. As wellbeing and lifestyle are key drivers, this will include running paths and outdoor sports equipment as well as a tailored arts and events program and a cultural / exhibition centre for this new community.

For the first time occupiers will be able to benefit from a number of office buildings with the majority ranging in size from 100,000 sq ft to 200,000 sq ft.  These have been designed to create a more urban landscape, with a mixture of industrial, red brick and concrete buildings. These buildings will still benefit from Canary Wharf Group’s philosophy of providing the most technically advanced buildings with dual power supplies and 1to 8m2 occupational densities.  Following the recent success of BREEAM “Outstanding” on our One Bank Street development, the aim will be to achieve BREEAM “Outstanding” on all of these buildings.

The 350,000 sq ft of new retail and leisure will diversify and complement the existing Canary Wharf retail offer, currently almost 1 million sq ft. Concept stores, health clubs, contemporary brands, showrooms, independents, boutiques and neighbourhood cafes and restaurants including pop up street food markets, will be attracted to the modern streetscape, creating a contemporary and dynamic retail and leisure environment.

In recent years, Canary Wharf has diversified its property portfolio with the creation of dedicated space at L39 for startup companies in the tech sector, providing flexible accommodation for young high-growth companies. The creation of additional office space within Canary Wharf’s new district will help to meet the workspace requirements for these companies as they graduate into larger, permanent offices within the estate.

Richard Archer, Managing Director Offices at Canary Wharf Group, said: “We are committed to creating a completely new district aimed at the tech, media and creative sectors and have  appointed a strong line-up of office agents with specialist expertise in this field. With 2 million sq ft of exceptional office accommodation, interspersed with landscaped open spaces and a rich mix of shops, bars and restaurants, the new district at Canary Wharf is arguably the most significant new development in London for a generation.”

Additionally, Savills and Knight Frank have been appointed by Canary Wharf Group as agents on The Columbus Building, 7 Westferry Circus along with GM Real Estate. This building, which comprises of approximately 160,000 sq ft, is currently undergoing a comprehensive refurbishment, due for completion this summer.

ENDS

For more information:
Ajay Teli
Canary Wharf Group plc
Ajay.Teli@CanaryWharf.com
+44 20 7418 2326

Sian Disson
FTI Consulting
sian.disson@fticonsulting.com
+44 203 727 1747

NOTES TO EDITORS

About Canary Wharf
Canary Wharf provides a modern and progressive working environment which is 25 years in the making and now houses a working population of over 115,000 people within this impressive district of London.  With a minimum of 11m sq ft of future development in the pipeline, the Estate has the potential to grow to over 200,000 people in the next 10 to 15 years.

The current Estate comprises 100 acres which includes more than 30 acres of landscaped public spaces, 17 million square feet of commercial space including over 1 million sq ft of shops, bars, restaurants and eateries. It is home to a phenomenal talent pool of creative and forward thinking occupiers (of which only 56% are financial services).

With connectivity being of vital importance, access across London and the surrounds is currently provided by the DLR and Jubilee line and from 2018, the arrival of Crossrail (Elizabeth line) will further bolster the connectivity of the area.

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