Wood Wharf development will feature 3,600 new homes for Canary Wharf
Canary Wharf Group has announced plans for a 5 million square foot development. This 23 acre site will moreover be developed as mixed-use space, which will feature 3,600 new homes. No longer just for finance or white collar business but forward thinking has given the insight to blend the area, making E14 a great place to live.
The development is set to bring over 20,000 jobs to the region and generate huge revenue for the local area. The small business economy will without a doubt thrive with it’s existence. New amenities and facilities will grow and blossom in this new part of London.
Purpose-built spaces to attract tech & creative businesses to E14
Two million sq. foot of space will be dedicated to fast growth businesses. Work-spaces for entrepreneurs and innovators are likewise included in the plans. Richard Archer, Managing Director of Offices, Canary Wharf Group recently said ‘Canary Wharf Group has engaged some of the world’s leading architects and designers to create a new piece of London that will be purpose-built to encourage collaboration and growth for tech and creative businesses.‘
Astute and future minded business owners have already hopped on board with this project. Ennismore, and The Office Group have already taken a lot of space in the development. Canary Wharf Group is in discussions with numerous prospective tenants. They range from educational and cultural to technology led ventures. The area is being re-imagined and will be re-birthed as a multi-cultural and multi-disciplined district.
Retails space & public spaces with riverside walkways also planned
Mr Archer also went on to say ‘future tenants will enjoy the hallmarks of a Canary Wharf Group development – resilience, security and distinctive individually designed buildings – combined with public spaces, riverside walkways and a diverse retail offering. This is a business environment for ambitious entrepreneurs and scale-ups.’
There is a real buzz about town for this venture. It will undoubtedly bring a new strength and flexibility to the area and a new dynamic of people. We are excited to see how things unfold.
Interested in property in Canary Wharf?
If you are interested in any commercial development opportunities in this area, give our Canary Wharf team a call. They may have the perfect opportunity for you.