Friday 24 April 2015 – Media Release

Canary Wharf Group opens registrations for first Canary Wharf residential

  • Residential registrations open for Canary Wharf’s new mixed development phase
  • Construction has begun on 3,200 new homes, helping to create 17,000 new jobs
  • New research underlines demand, with 77% of Londoners saying they would be happier living nearer to the office
  • Masterplan includes new workspace, school, doctor’s surgery, recreational facilities and hotel

Canary Wharf Group plc has today opened residential registrations for the new phase of Canary Wharf (formerly known as Wood Wharf), giving people the opportunity to live in one of London’s most famous districts.

Construction on the major new mixed development site, adjacent to the existing office and retail district, is already under way, expanding and diversifying this modern, and thriving urban quarter.  The new phase introduces homes, additional shops and restaurants, more flexible workspace, as well as parks and open waterside space.

The next phase is situated on a 13.6 hectare site situated to the east of the iconic group of buildings currently at Canary Wharf. The new development will comprise around two thirds residential properties, or approximately 3,200 new homes, a quarter of which will be affordable with the capacity in the future to build a further 400 new homes. The site will also create over 17,000 new jobs through hotel, leisure, construction and recreational facilities.

Construction work on the site began earlier this year and completion of the first phase of this development will follow the arrival of Crossrail in 2018. Once the Crossrail station opens, Canary Wharf will be only six minutes to Liverpool Street, within 39 minutes of Heathrow and moments from City Airport and international train services to Europe.

New research undertaken by Canary Wharf Group has underlined the demand for housing in central London, with increasing numbers of people wanting to live closer to work. The poll of people who live or work in and around London found that Londoners are longing for shorter commutes, with 77 per cent saying they would be happier if they lived closer to work and over half (56 per cent) commuting for longer than their ideal time, with the average daily commute costing Londoners almost a full week every year (5.7 days).*

Canary Wharf Group’s Chairman and CEO Sir George Iacobescu comments: “The launch of residential registrations is an extremely exciting milestone in Canary Wharf Group’s development as a diversified developer, offering residents a unique opportunity to live in one of the most desirable, safe and well-connected Estates in Europe, especially with the arrival or Crossrail. We are dedicated to creating vibrant, social, cultural and sustainable communities in which people aspire to live, work and relax.”

Internationally-renowned architects Herzog & de Meuron, Stanton Williams Architects, Allies and Morrison, Grid Architects, KPF, Darling Associates, Patel Taylor and Wirtz International have been appointed to design the first phase of buildings.

To register interest visit: www.canarywharf.com/residential

ENDS

*The research for Canary Wharf was carried out between: 02.04.15 and 10.04.15. Sample: 1,823 UK workers (and 900 extra UK workers for part of the survey)

For further information, please contact:

Ajay Teli:
Canary Wharf Group
T: +44 / (0)207 418 2326
E: ajay.teli@canarywharf.com

Nabil Hanafi/Clementine Stopford
Brands2Life
T: +44 / (0)20 7592 1200
E: canarywharf@brands2life.com

NOTES TO EDITORS

About Canary Wharf Group
Canary Wharf Group plc is an integrated property development, investment and management group of companies. It is focused on the design, construction, leasing and management of grade A office space and high-quality retail, residential and leisure facilities in central London. Over the past two decades, Canary Wharf Group has regenerated derelict wharves into one of the world’s premier business and shopping districts, constructing over 16.4m sq ft of office space. These buildings are now occupied by over 105,000 people. The company has an exciting development pipeline of over 11m sq ft of office, residential and retail space which is one of the largest of any London based developer.

Canary Wharf Group’s tenants include some of the world’s leading business organisations from the media, legal, accounting, financial services, IT, energy and transport sectors. The Group has also developed and successfully let over 300 shops, bars, cafes and restaurants to many of Britain’s leading brands. In March 2013, the Group launched its Level39 initiative to attract fintech and smart cities start-ups to Canary Wharf. Level39 is now home to over 160 start-up companies in 80,000 sq ft across three floors at One Canada Square.

The Group’s world-class, year-round arts and events programme offers over 100 diverse and culturally inspiring events performed throughout the Estate. Winner of the 2010 Christie’s Award for Best Corporate Art Collection and Programme at the International Art and Work Awards, Canary Wharf Group showcases over 65 pieces of permanent art throughout the Estate, designed and created by more than 50 artists and craftsmen. A regular exhibition programme in the Lobby of One Canada Square and Jubilee Park further adds to the Estate’s comprehensive cultural and creative offering.

In addition to development on the Canary Wharf Estate, the Group is involved with projects across London. The Pan Peninsula and Drapers Gardens developments have been successfully completed and the 20 Fenchurch Street (Walkie Talkie) development in the City of London was completed in late 2014 and is already nearly fully let. The Group is also in a joint venture to redevelop the Shell Centre on London’s South Bank.

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