Tuesday 01 October 2019 – Media Release

Canary Wharf Group Reports Strong Sales in Wood Wharf as Residential Buildings Take Shape

  • Healthy sales have been reported at 10 and One Park Drive, the first residential buildings to be built on the private Canary Wharf estate
  • 16 apartments have been sold in just 11 weeks, amounting to an approximate GDV of £20million
  • The area’s new district, Wood Wharf, will house up to 3,600 new homes,
    380,000 sq.ft. of retail space and eight acres of public spaces
  • Residents of 10 Park Drive are set to move into their homes in the spring of 2020 after the final 75 apartments were released to the public in
    September

Canary Wharf Group has reported healthy sales figures over the summer at its new residential district, Wood Wharf. 16 apartments have sold at the 23-acre site since July, as the move-in date for its first residents approaches. 10 Park Drive, the first building to be constructed at Wood Wharf, was marketed quietly over the summer, ahead of the public release of the final 75 apartments in September. Designed by acclaimed architects Stanton Williams, 10 Park Drive will house 345 apartments, which will be ready to move into in the spring of 2020. One-bedroom apartments are available to purchase from £880,000.

After 30 years as a global business district, the imminent completion of 10 Park Drive marks a turning point in the future of the Canary Wharf estate. Working alongside world-leading architects and pioneering innovative and sustainable construction methods, Canary Wharf has become a richly diverse community, which combines the finest architecture, new technology, brilliantly curated public art and beautiful public spaces with some of the very best  shopping, restaurants, events and leisure facilities London has to offer.

The visible progression of the construction and the launch of the ‘first look’ show apartment within 10 Park Drive, have helped generate excitement around Canary Wharf’s residential offerings in recent months. Set amongst beautifully landscaped gardens and adjacent to the river, 10 Park Drive is set at the heart of a new, vibrant waterfront neighbourhood. The development is located across two 42-storey and 13-storey towers, and will comprise 74 studios, 115 one-bedroom apartments, 141 two-bedroom and 15 three-bedroom apartments. Each residence will offer elegant interiors by Make Architects and unparalleled views of the city and the surrounding riverside.

Purchasers at 10 Park Drive will benefit from exclusive access to the “oasis in the city”; a terraced sky garden situated on the 13th floor. Boasting bookable facilities and the use of shared spaces, the residents’ club provides a sophisticated space in which residents can relax, socialise and entertain guests. Purchasers will also have access to residents’ only fitness facilities at a brand new Third Space gym, as well as benefiting from 24-hour security, concierge, entry-phone system, bicycle storage and charging points for electric vehicles.

Brian De’ath, Director of Residential Sales at Canary Wharf Group, comments; “We have seen strong demand and sizeable number of enquiries surrounding Wood Wharf whilst quietly marketing 10 Park Drive over the summer. When purchasers come onto the site, they can see how well the buildings are taking shape and properly envision how impressive the whole area will look when complete. The excitement is growing as we move even closer to welcoming our first residents on the Estate”.

“We have already sold approximately £20m GDV of apartments on the Estate in the past quarter, and we are enjoying a steady flow of enquiries now that the final 75 apartments have been launched.”

Aside from reaping the benefits of living on a private estate, purchasers at 10 Park Drive will be among the first to enjoy the area’s new shops, restaurants and public spaces. A new doctor’s surgery and two-form primary school are also set to open in the near future to support the growing community.

Apartments at 10 Park Drive are available to purchase now. Prices start from £880,000. For more information, contact Canary Wharf Group at residential.sales@canarywharf.com or visit www.canarywharf.com/residential

ENDS

For further information, please contact:

Press Office
Canary Wharf Group plc
T: 020 7418 2166
E: pressoffice@canarywharf.com

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.

Canary Wharf’s new district, Wood Wharf, will provide up to 3,600 new homes, 2m sq ft of office space, 350,000 sq ft of retail space and over eight acres of public spaces, squares and parks. There will also be a GP surgery and a two-form primary school for 420 children.

Canary Wharf Group is a wholly owned joint venture between Brookfield Property Partners and the Qatar Investment Authority.

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About Wood Wharf

Wood Wharf is a residential district that is set to welcome up to 3,600 new homes, 380,000 sq.ft. of retail space, eight acres of public spaces, plazas and parks, a place where individuals and families can live, work, relax and play. Amongst this will sit lively high streets, boutique shopping arcades, a vast collection of public art, doctor’s surgery and a brand new two-form primary school.