Wednesday 19 August 2020 – Media Release

New Residents Breathing Life into Wood Wharf – East London’s Premier District

Canary Wharf’s newest district, Wood Wharf, is beginning to take shape with recently completed residential buildings to add to the newly reopened retailers, restaurants, bars and coffee shops on the wider Estate, creating a new community.

Since completing in June, 10 Park Drive has welcomed over 50 new residents to the area, as the first purchasers to live on the Canary Wharf estate. Joined by tenants of 10 George Street, managed by Canary Wharf’s dedicated Build-to-Rent arm Vertus, which opened in February the completion of One Park Drive in spring 2021 will see a further increase in the Estate’s fledgling population.

A recent market report[1] revealed East London had outperformed the rest of the city with house prices rising by 37% in the past five years. The construction of Wood Wharf will further enhance the desirability of the area through the delivery of a prime neighbourhood.

The recently completed 10 Park Drive is now home to its first residents, with only 70 apartments remaining at the Stanton Williams-designed building. Designed to create a strong sense of place and a distinct residential character, the development forms a key part of the Wood Wharf masterplan. Internally, the apartments, designed by Make Architects, have been laid out to maximise the stunning vistas of the surrounding views of the River Thames and Canary Wharf skyline. The fixtures and fittings have been chosen to echo the architecture of the building through the warmth of timber, elegance of porcelain and champagne metal detailing.

Purchasers at 10 Park Drive will also benefit from access to a number of first-class amenities, including a private Sky Terrace on the 13th floor, as well as access to the first private residential Third Space fitness club complete with a swimming pool, jacuzzi, sauna, steam room and fitness class studio.

A new collection of show apartments are set to open at 10 Park Drive in the coming months, with the remaining one, two and three-bedroom apartments available from £900,000.

Providing a new level of residential living in East London, the Herzog de Meuron-designed One Park Drive is one of the city’s most unique residential buildings with its distinctive geometric façade formed by three unique typologies. The Loft apartments are located on floors two to nine, whilst the Cluster apartments form the heart of the building, located on floors nine to 32. Situated at the top of the building are the Bay apartments which all boast double-height terraces set back into the building.

Ranging in price from £825,000 to £3.9 million the collection of 484 apartments at One Park Drive feature bespoke interior designs unmatched in the local area. The Cluster and Bay typologies have been designed by specialists Goddard Littlefair, with homes benefitting from elegant palettes and cool textures, including concrete walls, timber panelling, pivot doors and natural stone, all of which maximise the natural light captured through floor-to-ceiling windows. The Lofts are designed to connect with the surrounding waterways and green spaces, with expansive wraparound terraces framed by fluted terracotta panels. Each unit within this typology also features contemporary, free-flowing spaces, complete with sliding walls, cool resin floors and unique mother of pearl clad bathrooms.

Canary Wharf Residential is set to launch the final phase of apartments at the development in Q4 2020, with brand new in-situ show apartments soon to complete, which will provide prospective purchasers with a true sense of living in one of London’s landmark buildings.

Commenting on the growing popularity of London’s newest district, Brian De’ath, Director of Residential Sales at Canary Wharf Group, said; “East London has seen a rise in popularity for a number of years and the gradual completion of Wood Wharf will only enhance its desirability. The regeneration of the east is helping to bring a new generation of purchasers to this side of London. Canary Wharf has long been a prime destination, so to now offer the ability to live here is a huge selling point for us.”

Master planned by Allies and Morrison, Wood Wharf has been designed to create a waterside community that will complement the existing Canary Wharf estate, which has been a thriving business and lifestyle destination for the past 30 years. Once complete, Wood Wharf will comprise of up to 3,600 new homes, c.2 million sq.ft. of office space, as well as 350,000 sq. ft. of retail fronting onto spacious high streets and boutique arcades. In addition, over nine acres of public spaces, squares and parks, including an impressive riverside boardwalk will bring a sense of calm in the inner city to the new district.

Residents looking to avoid public transport and use bicycles to travel across the Estate and wider city will be supported by the opening of over 2,000 bike racks and storage cages on Wood Wharf. The bicycle storage facilities are being delivered by Bike Dock Solutions, a local enterprise based in Barking & Dagenham.

For more information regarding Wood Wharf and the various residential offerings at Canary Wharf visit www.canarywharf.com/residential  or email: residential.sales@canarywharf.com or Tel: 020 7001 3800

[1] CBRE London Residential Market Report 2019

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 has overseen the largest urban regeneration project in Europe and is a fully integrated private real estate company that develops, manages and currently owns interests in approximately 7.7 million square feet of office space, 0.9 million square feet of retail and 327 completed Build to Rent units.

The company’s current £3.8 billion development pipeline is composed of 1.0 million square feet of office/retail properties, and over 3,500 new homes: for sale, for rent, intermediate and affordable. It currently has 2.7 million square feet under construction today, and 2.5 million square feet in planning, with a further planning opportunity for North Quay of 3.8 million square feet for mixed use development.

Canary Wharf Group is an industry leader in sustainability including purchasing 100% renewable electricity for the Estate since 2012 and zero waste going to landfill from the managed Estate since 2009.

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