Canary Wharf owner lodges plans for a huge office development despite the rise in working from home
The owner of Canary Wharf in London has lodged plans for a huge office development.
Canary Wharf Group said the eight-building scheme will include up to 2.5m sq ft of office space, even as many workers increasingly do their jobs from home because of the coronavirus outbreak.
Some 700 apartments will also be included.
Canary Wharf Group has applied for planning permission for an eight-building scheme, which will include up to 2.5m sq ft of office space at North Quay
The property firm will build the project at North Quay, the largest undeveloped site left in the Docklands financial district.
It is next to a station for the new Crossrail services.
However, Canary Wharf Group – which is owned by Canada-based Brookfield and the Qatar Investment Authority – is seeking ‘flexible’ planning permission so that some parts of the scheme can change if necessary.
The planning application has been lodged with the London Borough of Tower Hamlets and the Greater London Authority.
Executive chairman Sir George Iacobescu said: ‘Our plans offer a great new place to work and to live, with extensive public realm, high-quality retail, and new connections, next to a brand new railway station.’