MEDIA RELEASE 14 September 2012
New Architects Appointed for Wood Wharf
Terry Farrell and Partners to create a new masterplan for one of London’s largest waterfront developments
Canary Wharf Group plc has appointed architecture firm Terry Farrell and Partners (Farrells) to create a new masterplan for Wood Wharf, one of central London’s largest and most prestigious future development sites.
The Group is revising the masterplan for the Wood Wharf site to cater for evolving market requirements. The new office, residential and retail development aims to attract a broader mix of future tenants, including growing firms in the creative media, technology and telecommunications sectors, building on the success of adjacent Canary Wharf and the Tech City cluster.
Canary Wharf Group acquired the full rights to develop the site in January this year from previous joint venture partners Canal and River Trust (previously British Waterways) and Ballymore. The 20 acre site, which is immediately east of Canary Wharf, currently has outline planning approval for 4.7m sq. ft. of mixed use office, retail and residential space, about one third of the size of the existing Canary Wharf estate.
The new Wood Wharf masterplan will be designed to improve integration with the surrounding residential community; provide flexible, bespoke office space for the dynamic business growth sectors in London and create unique cultural and retail amenities that will add to the East End’s reputation as the creative heart of London. The design brief will also call for attractive new waterside parks, European style-streets and squares as well as environmentally sustainable buildings. Overall density is likely to be similar to the currently consented masterplan, with an increased proportion of residential space, catering for increased demand for people to live close to their workplace.
Ahead of development, the Group is looking at a range of temporary uses for Wood Wharf and has already installed temporary waterside parks and landscaping. These could include work space for start up companies, pop-up restaurants and cafés, street markets and performance spaces. The site hosted several of the world’s largest super yachts during the London 2012 games, which attracted thousands of visitors.
Sir George Iacobescu CBE, Chairman and Chief Executive of Canary Wharf Group plc said: “We are very pleased to welcome Terry Farrell and Partners on to the team to develop the design for Wood Wharf. The successful development of this site will be another massive piece added to the East End’s regeneration jigsaw. We can help London’s digital economy continue to thrive by providing growing businesses with bespoke office space and amenities, in close proximity to excellent transport, talent, clients and capital. The development of Wood Wharf will enhance London’s reputation as a business, lifestyle and cultural capital and further shift the City’s centre of gravity eastwards.”
Sir Terry Farrell CBE, Principal of Farrells said: “With the huge success of the Olympics and the rapidly expanding Tech City, this part of London is now much more than a global financial centre. What has emerged is an exciting cultural and lifestyle district that is attracting the world’s creative and technology companies. Wood Wharf is a rare opportunity to create a new and vibrant mixed use place that responds to its context and draws on other successful parts of this great metropolis.”
Farrells were appointed following an international competition in early 2012. Additional architects for individual buildings will be appointed in due course, as the masterplan progresses. Consultation for the new masterplan will begin in autumn 2012, with an application for a new outline planning permission expected to be submitted in spring 2013. It is expected the scheme will be developed in phases over 10-12 years with the first phase commencing in 2014. It is anticipated that part of the development will be open in time for Crossrail trains running through Canary Wharf from 2018.
In July 2012, Canary Wharf Group appointed Eric Van Der Kleij, Chief Executive of Tech City Investment Organisation, as a specialist advisor to help connect London’s burgeoning technology scene with the established professional and financial services cluster at Canary Wharf. The district is already an important part of the Tech City cluster, with over 1 million square feet of occupiers in the technology, media and telecommunications sectors, including Thomson Reuters, Infosys and McGraw-Hill Companies. The working population of Canary Wharf passed 100,000 for the first time in summer 2012.
For further information, please contact:
Canary Wharf Group plc
T: 020 7418 2326
M: 07779 888 075
Elizabeth Adams / Lewis Clark
Brunswick Group LLP
T: 020 7404 5959
1) About Canary Wharf Group plc
Canary Wharf Group plc is an integrated property development, investment and management group of companies.
Canary Wharf has a working population of nearly 100,000 people in a diverse range of sectors for some of the world’s leading companies. It has paved the way for the regeneration of London’s Docklands and one in five Canary Wharf workers now lives in a local East London borough. It has helped London and the City consolidate its position at the centre of the business world.
Following the recent announcement to build a new headquarters for the European Medicines Agency at 25 Churchill Place, the Group has plans in place to continue to develop Canary Wharf in the coming years. This will be in parallel with other central London developments such as the Shell Centre on the South Bank (in a joint venture with Qatari Diar) and 20 Fenchurch Street in the City of London (in a joint venture with Land Securities). The Group is currently constructing the Canary Wharf Crossrail station ahead of schedule and on budget, which is ready to receive the Crossrail tunnel boring machines in Summer 2012.
www.canarywharf.com Twitter: @yourcanarywharf
2) About Farrells
Farrells are considered to be the UKs leading architect planners with offices in London, Hong Kong and Shanghai. For forty years the practice has shaped the debate on urban design and architecture and believes passionately in the creation of the civic realm and the vital spaces in between buildings. In the UK, building schemes include MI6, Embankment Place, the new Home Office HQ and the Deep Aquarium in Hull. Large scale infrastructure planning and buildings dominate their work in East Asia including Incheon Airport in Korea, Beijing and Guangzhou High Speed rail stations in China and the tallest building ever by a British architect in Shenzhen. Completed masterplans include Newcastle Quayside, Brindley Place in Birmingham and West Kowloon in Hong Kong. Current projects in London include Earls Court, the Embassy Quarter in Nine Elms, Convoys Wharf and Mid Town in Holborn. Many of Farrells’ projects have won international design awards and the company’s architectural and urban design work is featured in publications worldwide.
3) The Canary Wharf technology, media and telecommunications (TMT) community
Canary Wharf’s TMT sector occupiers range from innovative financial technology companies and IT consultancy businesses, to advertising and media groups and business information providers.
Technology, media and telecommunications companies at Canary Wharf include:Citihub Infosys Trinity Mirror 3i Infotech Interquest Ricoh UK Samsung Sungard Thomson Reuters Oracle Financial Services Instinet McGraw-Hill Ogilvy & Mather
Business IT company Infosys has recently opened its Experience Centre at its Canary Wharf offices at 10 Upper Bank Street. The Experience Centre is a showcase for new software for Infosys’ clients and prospective clients.
Canary Wharf tenants like Citihub, Instinet and Ricoh are providers of high-frequency and event-driven trading platforms which are driving innovation in the financial services sector.
Canary Wharf is home to various members of the WIRED 100 (Wired magazine’s list of digital power brokers) over the past few years. For example Rory Sutherland, VP, Ogilvy Group UK and Alex Balfour, Head of New Media, London 2012.
Jane Moran, Chief Information Officer of Canary Wharf-based Thomson Reuters, was recently named one of the 10 most powerful women in the tech sector.
Canary Wharf Group recently launched Wired Wharf, a social network for the technology, media and telecomms community in Canary Wharf and beyond
LinkedIn — Wired Wharf: http://www.linkedin.com/profile/view?id=190607602&trk=tab_pro
LinkedIn — Wired Wharf Community: http://linkd.in/Mb5dzS