Property Know

Following up from the previous post on the developments that will hopefully be booming forth from Canary Wharf comes Wood Wharf. Situated right next to Canary Wharf, it seems to be part of the expansion plan that the British Waterways Company have to the East of London. The plan is to turn the 20 acre Wood Wharf into an additional North Eastern Corner of the Isle of Dogs.

Just like Canary Wharf, Wood Wharf was historically used for the shipping and storage of cargo, for Wood Wharf’s case it was Timber.

So what do the British Waterways Company want to do with Wood Wharf?

Since they have the freehold of Wood Wharf, they can pretty much or less do what they want! But as wise budding property investors they are planning it to be another extension to Canary Wharf. A complete re-haul of the place and turning it a big regeneration project. Unlike some Property Companies, they are looking more towards a long term strategy and are weighing up the pro’s and con’s of developing certain properties.

Their main goals are to provide:
• New Employment Opportunities
• New Secure Places to live
• Enhance and preserve the water space in the surrounding area
• Create new community facilities and retail/leisure services

What have they come up with?

British Waterways Company are calling in “The Master Plan”. With the aim of creating; 3.4m square feet of commercial floor space, 1,500 new homes, open public space and a new canal bisecting the site.

So keep your eyes open for Wood Wharf. This is all planned to be completed by 2011, a year before the Olympics come to London.