Commercial Property News
The Canary Wharf Group has announced that it has overhauled plans for the Wood Wharf redevelopment site at the eastern end of its estate with more housing.
The developer submitted the revised New Wood Wharf plan with the London Borough of Tower Hamlets, with preparations underway for the first phase construction.
If it is permitted, construction of the first phase will begin at the latter end of 2014, with some parts of the development set to be completed by 2017.
One of the most significant buildings will be the 57-storey residential tower, designed by Herzog & de Meuron, which has already been dubbed ‘the loofah’.
Sir George Iacobescu, chairman and chief executive of Canary Wharf Group plc, said: “This is an exciting new project for Canary Wharf Group which represents the continued redevelopment of East London almost 30 years after the original transformation of Canary Wharf began."
He added that the plans were a reflection of the demand currently being seen in the market, while it also represented an opportunity for the firm to further expand the appeal of Canary Wharf.
The University of Sheffield is inviting firms to bid for the building of a £43 million aerospace factory.
Developer Bowmer and Kirkland has announced that it is to start work on a new major Tesco superstore in the centre of Wolverhampton.
The GB Group has announced that it has secured funding to build a £32 million Hilton hotel in Leeds.
Developers St. Modwen is to start construction on the second phase of a £1 billion project to revamp Longbridge town centre next summer.
Building envelope specialist Lakesmere has announced that it has won a deal to install 44,000 square metres of acoustically insulated roofing as part of a project to revamp London's Olympic Stadium
Manchester City have confirmed that they have submitted plans to increase the capacity of the Etihad Stadium.
Sunderland City Council has announced that it has chosen a consortium led by Carillion and Igloo Regeneration to be a strategic partner in delivering planned regeneration.
Graham construction has commenced work on a £20 million extension to Silverburn shopping centre in Glasgow.
Telford Homes, a company specialising in building London apartments, is reportedly fast-tracking the development of several large schemes, which are set to cater to surging levels of demand in the city by bring about 1,000 new apartments.
Over 20,000 new residential units, worth £50 billion, could be delivered in London over the next ten years, according to EC Harris’ ‘London prime residential development pipeline’ report.
Graham Construction has begun work on an £81 million project building student accommodation for the University of Salford.
The developer responsible for the Battersea Power Station project has announced that it has secured financing for the first phase of construction, in what is one of the largest real-estate deals of the year.
Carillion has commenced work on a £21 million project to build a new student accommodation block in Southampton for developer Vita Ventures.
Plans to build 187 new homes as part of the next phase of a £155 million regeneration scheme in West Ealing have been given the all-clear from Ealing Council.