Wood Wharf

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Wood Wharf
Wood Wharf SE Aerial preview 2014.jpg
2014 artist impression of the development, following various amendments to the plans.
Wood Wharf
General information
Location Isle of Dogs
Town or city London
Country United Kingdom
LandlordCanary Wharf Group
Website
www.group.canarywharf.com/portfolio/wood-wharf
Wood Wharf under construction on 8 July 2015 Wood Wharf, 8 July 2015.jpg
Wood Wharf under construction on 8 July 2015

Wood Wharf is a 23 acre [1] site in Canary Wharf, London. It is currently under construction to provide offices, residential homes and retail space. [1] The site is next to Canary Wharf. [2] Wood Wharf will contain 5 million square feet of space, which will include 2 million sq ft of office space, 3,330 residential homes, 3.6 hectares (8.9 acres) of public spaces, and 380,000 sq ft of shops, restaurants and space for community use. [1] It is estimated to be completed in 2023. [1]

Contents

The architects for the site include Allies and Morrison, Darling Associates, KPF, Herzog & de Meuron, Pilbrow & Partners, Stanton Williams Architects, Grid Architects, and Patel Taylor. The masterplan has been designed by Allies and Morrison Architects. [1]

Site history

The Wood Wharf Business Park was sold by British Waterways to a joint partnership in the financial year 2007–08.

The Canal & River Trust is the freeholder of the main 20 acres (81,000 m2) site following the transfer of all the assets of British Waterways in 2012. British Waterways had previously acquired the site from the Port of London. [3] Canary Wharf Group plc purchased a 250-year lease for the site in January 2012. [2]

First masterplan

In 2003, British Waterways issued a masterplan for a substantial, mixed used redevelopment of the site. The masterplan indicated a potential development size of 330,000 square metres (3,600,000 sq ft) commercial floorspace (offices, retail and restaurants), 120,000 square metres (1,300,000 sq ft) of residential use (approximately 1,500 units) and 10,000 square metres (110,000 sq ft) of hotel and serviced apartments. The masterplan has been adopted by Tower Hamlets as interim guidance to support the current local plan. [4]

Development

During 2004, British Waterways held a competition to select a development partner for the project. [5] [6] [7] In 2005, a consortium of British Waterways, Canary Wharf Group and Ballymore Properties established the Wood Wharf Partnership to develop the scheme with Berwin Leighton Paisner as legal advisors. [8]

In November 2007, a new master plan was unveiled, by Rogers Stirk Harbour + Partners. [9] [10] Outline planning was submitted to Tower Hamlets in July 2008 [11] and were approved in October 2008. [12] The official Wood Wharf website was updated. The new master plan shows considerably higher density, as well as more towers, which are also taller than the previous ones. The next step is to find different architects to design each individual building. The developers want at least one iconic residential, and one iconic office tower as part of the project.

The new master plan also contains a high street, which will run up the middle of the site. This will host bars, shops, cafés and restaurants. This will be covered by a glass snake-skin type roof. A planning application was filed on 30 June 2008. On 8 October 2008, Tower Hamlets Strategic Development Committee voted unanimously to grant approval for the application.

Canary Wharf Group, which is a 25% partner in Wood Wharf project, does not wish to proceed with the scheme until it has completed and let all of the office projects on and around the original Canary Wharf Estate, including Riverside South, North Quay, Heron Quays West, and 25 Bank Street. [13]

In January 2012, Canary Wharf Group took 100% control of the project by paying British Waterways £52.5m for their 50% stake and Ballymore £38m for their 25% stake. [14] [15] Under the agreement Canary Wharf Group has been a granted a new 250-year lease from British Waterways with ground rent payable which will grow to £6m per annum. [2] [16]

In September 2012, Terry Farrell was appointed to replace Rogers Stirk Harbour + Partners in leading the development of the masterplanning. [17]

Second masterplan

In January 2013, Herzog & de Meuron, Allies and Morrison and Stanton Williams were appointed as architects for various elements of the scheme. [18]

In December 2013, a new masterplan was submitted to Tower Hamlets by Canary Wharf Group, which placed greater emphases on residential uses compared to the previous plans. [19] [20]

Approval

In July 2014, Tower Hamlets council granted planning permission to construct 30 buildings, comprising 4.9m square feet of homes, offices and shops (planning reference PA/13/02966). [21] Work on the Wood Wharf site is expected to start in autumn 2014, with the first buildings occupied at the end of 2018. [22]

In December 2014, it was announced that Boris Johnson had approved the scheme to include "around 25% of the new homes created in the scheme will be affordable homes whilst a review mechanism has been agreed to increase this allocation to around 40% affordable housing". [23]

Awards and Accreditations

The development of Wood Wharf was honored by winning the Property Week Placemaking Award in 2022, [24] and a silver award in the Best Mixed-use Development category in 2023 WhatHouse? Awards. [25]

Buildings

See also

Related Research Articles

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References

  1. 1 2 3 4 5 https://group.canarywharf.com/portfolio/wood-wharf/ Wood Wharf, Canary Wharf Group PLC, Retrieved 26 April 2018
  2. 1 2 3 "Canary Wharf Group plc acquires full ownership of Wood Wharf Partnership". Canary Wharf Group plc. 18 January 2012. Retrieved 31 December 2013.
  3. ↑ "Annual Report and Accounts 2004/05". British Waterways. p. 40. Retrieved 31 December 2013.
  4. ↑ "Wood Wharf masterplan (2003)". Tower Hamlets. Retrieved 31 December 2013.
  5. ↑ Edward Simpkins (25 April 2004). "Canary Wharf threatens action against Reichmann". The Telegraph. Retrieved 31 December 2013.
  6. ↑ George Hay. "Viñoly and Urban Catalyst to bid for £2bn Docklands wharf". Building. 2004 - Issue 13. Retrieved 31 December 2013.
  7. ↑ Tim Danaher (11 June 2004). "Canary's Wood Wharf bid with Ballymore". Building. Retrieved 31 December 2013.
  8. ↑ Gemma Westacott (26 September 2005). "Wood Wharf hands £2bn Docklands deal to BLP". The Lawyer. Retrieved 31 December 2013.
  9. ↑ Wood Wharf https://www.rsh-p.com/projects/wood-wharf/ Rogers Stirk Harbour + Partners LLP, Retrieved 26 April 2018
  10. ↑ Masterplanning 2017, Rogers Stirk Harbour + Partners, https://www.rsh-p.com/assets/publications/RSHP_masterplanning.pdf Retrieved 26 April 2018
  11. ↑ "Rogers Stirk Harbour reveals Wood Wharf". Building Design. 9 July 2008. Retrieved 31 December 2013.
  12. ↑ Will Henley (10 October 2008). "Rogers' east London Wood Wharf masterplan wins outline planning consent". Building. Retrieved 31 December 2013.
  13. ↑ http://www.leytonstonia.com/2010/12/with-jp-morgan-on-their-way-to-25-bank.html [ dead link ]
  14. ↑ Graham Ruddick (18 January 2012). "Canary Wharf pays £90m for adjacent site to expand by a third". The Telegraph. Retrieved 1 January 2014.
  15. ↑ Rupert Neate (18 January 2012). "Canary Wharf Group in £90m derelict land deal". The Guardian. Retrieved 1 January 2014.
  16. ↑ "Osborne Clarke advises British Waterways on Wood Wharf deal". Osborne Clarke. 20 January 2012. Retrieved 1 January 2014.
  17. ↑ Richard Waite (16 September 2012). "Rogers out, Farrell in at Wood Wharf". Architects' Journal. Retrieved 1 January 2014.
  18. ↑ "Canary Wharf Group appoints Individual Building Architects for Wood Wharf". Canary Wharf Group. 24 January 2013. Retrieved 1 January 2014.
  19. ↑ Mike Brook (11 December 2013). "Canary Wharf submits Wood Wharf Masterplan to Tower Hamlets Council". The Docklands and East London Advertiser. Retrieved 1 January 2014.
  20. ↑ Daniel Thomas (10 December 2013). "Canary Wharf expansion plans to include 3,000 homes". Financial Times. Retrieved 1 January 2014.
  21. ↑ "PA/13/02966/P0". development.towerhamlets.gov.uk. Tower Hamlets London Borough Council. Archived from the original on 23 May 2020. Retrieved 23 May 2020.
  22. ↑ Julia Kollewe (22 July 2014). "Canary Wharf spreads east with new towers and 3,000 homes planned". The Guardian. Retrieved 24 August 2014.
  23. ↑ "London Mayor Approves Huge Wood Wharf Scheme". OBAS Group.
  24. ↑ CWG’s Wood Wharf Wins Property Week Placemaking Award 2022 – 10.06.22Canary Wharf Group plc. 10 June 2022. Retrieved 24 December.
  25. ↑ CWG Wins Two Awards at the WhatHouse? Awards 2023 – 20.11.23Canary Wharf Group plc. 20 November 2023. Retrieved 24 December 2023.

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