Wood Wharf – Detailed Plans Submitted For First Two Buildings

Detailed plans for the first two office buildings of Wood Wharf have been submitted to the London Borough of Tower Hamlets Council following the grant of outline planning permission for one of the UK’s largest mixed-use regeneration projects. This included the completion of a £150m S106 agreement.

Wood Wharf (General Partner) Limited has submitted reserved matters applications for the development of two office buildings (W01 & W02-03) both to be located on the northern side of the seven hectare site adjacent to existing facilities at Canary Wharf.

Building W01 is designed by world class architects Kohn Pedersen Fox Associates, who previously designed the Clifford Chance Building at Canary Wharf. The building is 134m tall and provides 84,647m2 of office space.

Building W02-03, at a height of 194m is designed by the internationally acclaimed architects Pelli Clarke Pelli and provides 155,023m2 of floor space. Pelli Clarke Pelli is renowned for designing the iconic centrepiece building at Canary Wharf, One Canada Square.

The two new buildings mark the first steps in developing one of London’s largest waterside developments and have the potential to provide over 11,000 jobs. The Wood Wharf development is expected to be completed in four phases over a 10-15 year period.

Jason Larkin, Wood Wharf (General Partner) Ltd’s Executive Director (Planning) said: ‘We have engaged two of the world’s great architectural practices to kick start the Wood Wharf development. They have designed two stunning buildings which will set the standards for next phases of development at Wood Wharf. The Partnership’s phasing plans aim to co-inside with the up-turn in the world economy to ensure that Wood Wharf will be well placed to reap the benefits and deliver jobs and prosperity to London.’

The Wood Wharf (General Partner) Limited is a joint venture between British Waterways, Ballymore Properties and Canary Wharf Group.

Ends

Notes to editors

The main features of the scheme are:

• Six commercial buildings providing approximately 454,000 m2 (4.9 million square feet) office space;

• Six residential buildings providing up to 1,668 homes including 35% affordable housing and a significant proportion of affordable family housing;

• A new waterside community park;

• Community amenities which will include a new Health and Wellbeing centre, Idea Store, outdoor market and recreational facilities;

• A new High Street including shops, restaurants, bars and cafés as well as providing the opportunity to encourage independent and local traders

• A waterside hotel

• A new canal, waterfront boardwalks, and ecology areas

• New pedestrian and cycle links connecting Wood Wharf and the wider community to Canary Wharf.

• Wood Wharf is expected to create 25,000 new jobs, of which it is estimated that around 5,000 will be taken by local people. It will also provide 1,668 new homes including 483 affordable homes together with a new community park.

• The scheme will deliver in excess of £50m worth of planning benefits for Tower Hamlets, in one of the largest community and infrastructure benefits packages (‘Section 106’) ever agreed as well as a £100m financial contribution towards the Crossrail project.