Wednesday 11 April 2018 – Media Release
Canary Wharf Group Announces First Leasing Transactions For Wood Wharf
The 5 million sq. ft. mixed use development, Wood Wharf, signs its first two tenants – Ennismore and The Office Group
Canary Wharf Group has announced the first leasing transactions for Wood Wharf, one of the most significant developments in London, with Ennismore and The Office Group (TOG).
Ennismore, the developer and operator of unique hospitality properties around the world including The Hoxton and Gleneagles; and TOG, one of the UK’s largest providers of shared workspaces, are two of the fastest growing and creative companies in the UK. They will reside in the distinctive red bricked building of 15 Water Street, designed by the one of Britain’s largest architectural firms, Allies and Morrison. The building will comprise over 180,000 sq. ft. and is scheduled to complete in Q2 of 2021.
Ennismore has agreed to lease c.100,000 sq. ft. on a 25-year contract, arranged over the Ground floor and Levels 4 to 9. This will house Ennismore’s newest brand, NoCo: a 312-room hotel with honest pricing, clever design, beautiful essentials and a focus on technology.
TOG has leased c.45,000 sq. ft. of the Water Street mixed-use building, arranged over Ground and Levels 10 to 13 on a 20-year contract. TOG is a pioneer in its field, offering beautiful, individually designed office buildings with progressive membership schemes and flexible agreements to a mix of start-ups and established businesses.
Wood Wharf is currently under construction by Canary Wharf Group, with the first phase of buildings to be delivered in 2019 and 2020. With 2 million sq. ft. of commercial space, it represents a major new destination for modern businesses.
The 5 million sq. ft. development will include world-class cultural and educational centres and up to 3,600 residential homes, 380,000 sq. ft. of retail and leisure amenities, a two form primary school and medical facilities set in 3.6 hectares of interconnected open spaces; combining tree-lined high streets, dockside walkways, and running trails. Wood Wharf will become a home to tenants of a modern and progressive mind-set and business community.
Richard Archer, Managing Director Offices at Canary Wharf Group commented: “As part of our placemaking phase, we chose Ennismore and TOG because they epitomise the vision we have for Wood Wharf. We are specifically partnering with dynamic and forward thinking businesses like Ennismore and TOG so we can continue to attract a truly diverse range of occupiers. We are delighted to announce them as the first to sign leases with us at Wood Wharf.”
“We’re incredibly excited to launch our new hotel brand NoCo as part of a new era of the Canary Wharf estate” said Sharan Pasricha, CEO of Ennismore, “Wood Wharf provides a location that matches with our mission to create an affordable hotel that will embrace technology, great value, and stylish design, as well as provide an open space to the new tenants of the estate.”
Charlie Green, Co-CEO, The Office Group stated: “The conventional market in and around Canary Wharf has a huge volume of traditional office space. When you have that level of concentration, it tends to follow that the need for flexible and shared space is strong. So we’ve been looking for the right building for some time. With Wood Wharf, we’ve found the right building. We’re delighted to be sharing the building with Ennismore. I think we sit really well with a hotel, and their branding and design skills are outstanding. We’re working very closely with them and CWG to create a landmark building for the Estate.”
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 iconic London real estate at Canary Wharf, home to local and international companies and renowned retailers. It is diversifying into residential development and is also currently developing the Shell Centre on London’s South Bank. The Group is a wholly owned joint venture between Brookfield Property Partners and the Qatar Investment Authority.
Ennismore is the global hospitality company and curator of unique properties and experiences founded by Sharan Pasricha. Part real estate developer, part operator and part in-house creative and design studio, the multidisciplinary team is currently building on the Scottish legacy of Gleneagles, crafting the global expansion of The Hoxton – a series of open-house hotels, developing NoCo, a brand that will reimagine the budget hotel model, as well as launching several standalone restaurants. Ennismore was ranked at #19 in The Sunday Times Fast Track 100 for 2018 and #29 in the Financial Times FT1000. www.ennismore.com
About The Office Group (TOG):
- TOG is a leading provider of design-led and flexible offices, meeting rooms and co-working spaces for start-ups, small businesses as well as larger, more established businesses.
- TOG allows members to work across multiple locations and enables companies to grow, downsize or exit a space quickly and cost effectively.
- TOG is focused on creating inspirational workplaces with a genuine sense of community, as highlighted by the inclusion of spaces such as libraries, screening rooms, cafes, gyms and gardens.
- Co-CEOs Charlie Green and Olly Olsen co-founded TOG with their first building in 2003.
- In June 2017, Blackstone – a global leader in real estate investment – acquired a majority interest in TOG from former Chairman, Lloyd Dorfman CBE. Together with Blackstone, TOG is now in a new stage of development, accelerating growth by expanding its portfolio and client base, and continuing to define new and innovative ways of addressing how people wish to work.
- Further information is available at theofficegroup.co.uk.
- Follow TOG on Twitter @TheOfficeGroup