Thursday 31 January 2019 – Media Release
Canary Wharf Group and Third Space Sign Landmark Deal to Open a World Class Health Club
Canary Wharf Group, one of London’s leading developers, has announced an exclusive agreement with luxury fitness lifestyle brand Third Space to open a 40,000 sq. ft. premium health club in Wood Wharf. The state-of-the-art space will be open to new members and will also include an 8,000 sq. ft. area exclusively for residents – the first combined offering of its kind in London. Residents will get the best of both worlds – a vibrant world class club complete with an extensive group exercise class offering and industry leading personal trainers, as well as their own private training area, spa, hydrotherapy pool and lounge.
Situated within the Allies and Morrison designed 15 Water Street, the Third Space private residents’ area will be available to purchasers at 10 Park Drive.
Set to open in 2021, Third Space Wood Wharf is being designed by the award-winning architecture practice, RHE. The main 32,000 sq. ft. space will feature a freestanding athletic rig, multi-purpose studios, medical and beauty suite, 20 metre swimming pool, and spa complex.
Brian De’ath, Head of Residential Sales at Canary Wharf Group, commented: “To be able to offer our residents at 10 Park Drive a private fitness space provided by an operator of the calibre of Third Space is a real coup for us. We want to create a lifestyle here that matches the quality of our residential offering and this is the perfect partnership.”
Colin Waggett, CEO of Third Space, said, “Place-making developers such as Canary Wharf clearly recognise that Third Space’s unique and tailored proposition can differentiate and add value to their developments. We’re excited also to provide our first private residents’ space, which will have its own feel and layout to the main club. Residents will be able to experience everything a Third Space club has to offer, as well as a private sanctuary for relaxation.
“Every Third Space club is unique. Despite being only a short walk from our existing 100,000 sq. ft. Canary Wharf club, Third Space Wood Wharf will look and feel very different. The scale and quality of the new district and the continued growth of the whole Canary Wharf Estate gives us the confidence to deliver a new and exciting fitness hub for this thriving area of London.”
Established in 2001, Third Space operates a portfolio of clubs in iconic locations across London, including Canary Wharf, Tower Bridge, Soho, Marylebone, and Tower Hill, with a sixth location due to open in Islington in early 2019.
Set to complete in 2019, 10 Park Drive will be home to 345 residents, occupying 74 studios, 115 one-bedroom apartments, 141 two-bedroom apartments and 15 three-bedroom apartments. Launched onto the market in July 2015, the development has been hugely sought-after, with over 60 buyers camping overnight ahead of the first day of sales. To date 275 units (80%) have been sold, with the remainder not set to be made available until closer to final completion.
Situated adjacent to South Dock, linked to the water by exquisitely landscaped gardens and parks, 10 Park Drive will be one of the first residential developments in Wood Wharf, London’s newest district. The 23-acre area is an exciting new expansion into reclaimed land by Canary Wharf Group.
For further information, please contact:
Canary Wharf Group plc
T: 020 7418 2166
Notes to Editors:
About Canary Wharf Group:
Canary Wharf Group plc has overseen the largest urban regeneration project ever undertaken in Europe, designing and building more than 16.5m sq ft of London real estate, which now houses local and international companies and renowned retailers.
The Canary Wharf Estate is a major retail destination comprising around 1m sq ft across five shopping malls, including the award-winning leisure development, Crossrail Place, housing one of London’s most stunning roof gardens.
It also has world-class, year-round arts and events programme offering over 200 diverse and culturally inspiring events performed throughout the Estate.
Canary Wharf Group is a wholly owned joint venture between Brookfield Property Partners and the Qatar Investment Authority.
About Third Space:
Third Space is a luxury fitness lifestyle brand offering a unique high quality fitness and wellness experience through premium fitness and wellness clubs. Backed by Encore Capital, Third Space was launched in 2001 and operates a portfolio of clubs in iconic locations across London, including Canary Wharf, Tower Bridge, Soho, Marylebone, and Tower Hill, with a sixth location due to open in Islington in early 2019.
Third Space employs 500 staff and is led by an experienced management team committed to executing a high-paced expansion plan. The Wood Wharf deal is in line with management’s ambitious growth strategy, which will see the company invest £50 million over five years with the aim of opening a new club every 12 to 18 months.