£200m government boost for Wood Wharf

2nd April 2015

The Homes and Communities Agency has announced that it will lend the Canary Wharf Group £200m in order to get the Wood Wharf development up and running. Planning permission for the 4.9m sq ft residential scheme has already been granted; the first phase of the project is scheduled to be finished by 2018. Over 3,600 new homes will be created, with a 57-storey residential tower designed by Herzog & de Meuron to be surrounded by offices, parkland and retail units. Sir George Iacobescu CBE, Canary Wharf Group’s chairman and chief executive, said the loan “is just the type of targeted and practical assistance that our sector needs to help deal with the housing shortage in London”.

The Wharf (30/03/15)