The owner of Canary Wharf is making plans for massive office development despite the increase in working from home
The owner of Canary Wharf in London has filed plans for massive office development.
Canary Wharf Group said the plan for eight buildings will include up to 2.5 m square meters of office space, even though many workers are increasingly working from home due to the coronavirus outbreak.
About 700 apartments will also be added.
Canary Wharf Group has applied for planning permission for an eight-building plan, which will include up to 2.5 square meters of office space on North Quay
The real estate company will build the project on North Quay, the largest undeveloped site in 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 looking for a ‘flexible’ building permit, so some parts of the plan can change if necessary.
The urban planning application was filed with the London Borough of Tower Hamlets and the Greater London Authority.
Executive Chairman Sir George Iacobescu said, “Our plans provide a great new place to work and live, with expanded public space, quality shopping and new connections, next to a brand new train station.”