Trio of office agents appointed to Canary Wharf Group's new 22-acre district

Canary Wharf Group has appointed CBRE, Cushman & Wakefield, and JLL as the office leasing agents for its new mixed use district, formerly known as Wood Wharf.

This new district will comprise 4.9 million sq ft with 2 million sq ft of offices, 350,000 sq ft of retail and 3,500 homes.

Currently under construction, Canary Wharf’s new district will bring residential accommodation to the Estate for the first time, providing a blend of private ownership, private rented (PRS) and affordable residential schemes.

The development will cover 22 acres, including 9 acres of interconnected parks, piazzas, riverside walkways and garden squares.

For the first time, occupiers will be able to benefit from a number of office buildings with the majority ranging in size from 100,000 sq ft to 200,000 sq ft.

These have been designed to create a more urban landscape, with a mixture of industrial, red brick and concrete buildings. These buildings will still benefit from Canary Wharf Group’s philosophy of providing technically advanced buildings with dual power supplies and 1to 8m2 occupational densities.

The 350,000 sq ft of new retail and leisure will diversify and complement the existing Canary Wharf retail offer, currently almost 1 million sq ft. Concept stores, health clubs, contemporary brands, showrooms, independents, boutiques and neighbourhood cafes and restaurants including pop up street food markets, will be attracted to the modern streetscape, creating a contemporary and dynamic retail and leisure environment.

In recent years, Canary Wharf has diversified its property portfolio with the creation of dedicated space at L39 for startup companies in the tech sector, providing flexible accommodation for young high-growth companies. The creation of additional office space within Canary Wharf’s new district will help to meet the workspace requirements for these companies as they graduate into larger, permanent offices within the estate.

Richard Archer, managing director offices at Canary Wharf Group, said: “We are committed to creating a completely new district aimed at the tech, media and creative sectors and have appointed a strong line-up of office agents with specialist expertise in this field.

“With 2 million sq ft of exceptional office accommodation, interspersed with landscaped open spaces and a rich mix of shops, bars and restaurants, the new district at Canary Wharf is arguably the most significant new development in London for a generation.”

Additionally, Savills and Knight Frank have been appointed by Canary Wharf Group as agents on The Columbus Building, 7 Westferry Circus along with GM Real Estate. This building, which comprises of approximately 160,000 sq ft, is currently undergoing a comprehensive refurbishment, due for completion this summer.

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