This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.theguardian.com/business/2014/jul/22/canary-wharf-spreads-east-new-towers-wood-wharf-new-homes

The article has changed 6 times. There is an RSS feed of changes available.

Version 3 Version 4
Canary Wharf spreads east with new towers and 3,000 homes planned Canary Wharf spreads east with new towers and 3,000 homes planned
(33 minutes later)
More than 3,000 homes are to be built at the eastern edge of Canary Wharf after Tower Hamlets council gave the green light for the project, the first extension to the financial district since the banking crisis struck in 2008.More than 3,000 homes are to be built at the eastern edge of Canary Wharf after Tower Hamlets council gave the green light for the project, the first extension to the financial district since the banking crisis struck in 2008.
Canary Wharf Group, which is majority-owned by Songbird Estates, has been granted planning permission to construct 30 buildings, comprising 4.9m sq ft of homes, offices and shops, at Wood Wharf, just a stone's throw from the headquarters of some of the world's largest banks. Canary Wharf Group, which is majority-owned by Songbird Estates, has been granted planning permission to construct 30 buildings, comprising 4.9m square feet of homes, offices and shops, at Wood Wharf, just a stone's throw from the headquarters of some of the world's largest banks.
Its centrepiece is a cylindrical residential skyscraper facing the waters of South Dock, designed by Herzog & de Meuron, the Swiss architects behind Tate Modern (including its extension which is being built at the moment) and the "Bird's Nest" Olympic stadium in Beijing. About a quarter of homes will be earmarked for affordable housing, built around 9 acres (3.6 hectares) of parks and public squares, including hundreds of metres of dockside paths. Homes at Wood Wharf will range from park-side townhouses to a number of towers, with a mix of private and social housing. Its centrepiece, at 211m the tallest building, is a 57-storey cylindrical residential skyscraper facing the waters of South Dock, designed by Herzog & de Meuron, the Swiss architects behind Tate Modern (including its extension which is being built at the moment) and the "Bird's Nest" Olympic stadium in Beijing. About a quarter of the "habitable rooms" of the 3,100 homes will be earmarked for affordable housing, built around 9 acres (3.6 hectares) of parks and public squares, including hundreds of metres of dockside paths.
Developers have been rushing to build more luxury homes in London to exploit booming property prices, with Canary Wharf Group just starting construction of its first residential building in the finance district, the 58-storey Newfoundland tower (nicknamed the Diamond tower) with 566 apartments, which is due to be completed in 2018. Developers have been rushing to build more luxury homes in London to exploit booming property prices, with Canary Wharf Group just starting construction of its first residential building on the western edge of the finance district, the 58-storey Newfoundland tower (nicknamed the Diamond tower) with 566 apartments, which is due to be completed in 2018.
More than 100,000 workers commute daily to Canary Wharf, which opened in the early 1990s. Sir George Iacobescu, chief executive of Canary Wharf Group, believes the eastern extension will almost double the number of people working and living in the area within the next ten years.More than 100,000 workers commute daily to Canary Wharf, which opened in the early 1990s. Sir George Iacobescu, chief executive of Canary Wharf Group, believes the eastern extension will almost double the number of people working and living in the area within the next ten years.
Work on the Wood Wharf site is expected to start this autumn with the first buildings occupied at the end of 2018, to coincide with the arrival of Crossrail, the £15bn railway running east-west across London. Work on the Wood Wharf site is expected to start this autumn with the first buildings occupied at the end of 2018, to coincide with the arrival of Crossrail, the £15bn railway running east-west across London. The new area will include offices targeted at technology start-ups and creative media, as well as a 420-place primary school, an NHS medical centre, a hotel and more than 100 shops, restaurants and cafes.
Homes at Wood Wharf will range from park-side townhouses to a number of towers. The new area will also include offices targeted at technology start-ups and creative media, as well as a 420-place primary school, an NHS medical centre, a hotel and more than 100 shops, restaurants and cafes.
The project, the biggest in the developer's pipeline, is expected to create more than 17,000 jobs during its construction, ranging from architects and planners to electricians, with 3,500 earmarked for local residents. Canary Wharf Group paid £90m to take full control of the Wood Wharf site two years ago from its joint venture partners Waterways and Ballymore.The project, the biggest in the developer's pipeline, is expected to create more than 17,000 jobs during its construction, ranging from architects and planners to electricians, with 3,500 earmarked for local residents. Canary Wharf Group paid £90m to take full control of the Wood Wharf site two years ago from its joint venture partners Waterways and Ballymore.
Canary Wharf is home to the global headquarters of Barclays and HSBC, and the London headquarters of JPMorgan Chase, Morgan Stanley, Credit Suisse and Citigroup. However, the Financial Conduct Authority is moving further east, to Stratford, by 2018. Canary Wharf is home to the global headquarters of Barclays and HSBC, and the London headquarters of investment banks JPMorgan Chase, Morgan Stanley, Credit Suisse and Citigroup. However, the Financial Conduct Authority is moving further east, to Stratford, by 2018.
In its first foray outside the Docklands, Canary Wharf Group – whose parent Songbird is part-owned by Qatar Holding, the investment arm of the Gulf state – is also revamping London's South Bank, around the Shell Centre tower, in partnership with Qatari Diar, the state's property investment company.In its first foray outside the Docklands, Canary Wharf Group – whose parent Songbird is part-owned by Qatar Holding, the investment arm of the Gulf state – is also revamping London's South Bank, around the Shell Centre tower, in partnership with Qatari Diar, the state's property investment company.