Canary Wharf Group leaves residential development to last in London’s Docklands
The developer says its unique business model means residents get to move in once infrastructure and facilities are already in place
Canary Wharf, which houses some of the world’s biggest banks including HSBC, JP Morgan and Citigroup, got its name from the quay where fruit and vegetable from the Mediterranean and the Canary Islands was once unloaded.
After 20 years of development, the disused Docklands site in east London has been transformed into a second financial district to rival the City of London.
Canary Wharf Group is diversifying into residential projects, having redeveloped 17 million square feet of office and retail space in Canary Wharf and elsewhere in London.
We want our residents to move in when everything is already there
Director of residential sales Brian De’ath envisages the 22-acre new district of Canary Wharf – designed to be a primarily residential waterside community – as one of London’s largest privately owned development sites.
Can you update us on the progress of the proposed new district?
Construction on the site has already begun, and completion of the first phase of this development will follow the arrival of Crossrail in 2018. Once the Crossrail station opens, Canary Wharf will be only six minutes from Liverpool Street station, within 39 minutes of Heathrow and just a few moments from City Airport and international train services to Europe.
