Canary Wharf Group to build first residential development

21st March 2014

Canary Wharf Group has secured resolution to grant planning consent for its first residential development.

Tower Hamlets’ Strategic Finance Committee has resolved to grant consent for Newfoundland, a 58-storey tower comprising 566 one-, two-, and three-bedroom apartments, along with 14,360 sq ft of retail space and over 50,000 sq ft of amenity space. There are also plans for 280 affordable off-site housing units at Lovegrove Walk, Barchester Street and Burdett Road. The application now goes to the mayor of London for final approval; construction is expected to start this summer, for completion in 2018.

Source:   Property Week (17/03/2014)   The Wharf (17/03/2014)