Canary Wharf’s residential credentials

8th May 2015

The FT looks at measures to develop the residential offering at Canary Wharf. Canary Wharf property prices rose by 4.2% in the year to March, compared with 14.9% across Greater London, and are set to rise even more following the completion of Crossrail in 2019. The Canary Wharf Group has begun work on a new development that will see 3,610 new homes go up on the peninsula’s eastern fringe, with the first phase due to go on sale in the next few weeks. South Quay Plaza, designed by Foster + Partners, is also due to go on sale later this year - while those looking for an immediate buy need look no further than Baltimore Tower, where a two-bedroom apartments start at £800,000, rising to £4.25m for a five-bedroom, four-bathroom triplex penthouse.

Financial Times (01.05/15)