Qatar Investment Authority JV to build in London.
Canary Wharf Group, a joint venture between Brookfield Property Partners and the Qatar Investment Authority, has received the required approval to build a residential tower at its New Phase site (formerly known as Wood Wharf) in London, UK.
The 57-storey building will comprise 468 apartments ranging from studios to large three bedroom family units, and will be located on the edge of South Dock, east of the existing Canary Wharf estate, local daily Gulf Times reported.
Designed by Swiss architects Herzog & de Meuron who created the Beijing Olympics' Bird's Nest stadium and the Tate Modern, the cylindrical residential tower will form a key part of the new residential offering at Canary Wharf.
The wider development site will be transformed into a 45ha (4.9m sqft) mixed use, waterside community providing over 3,200 new homes, nearly 18.5ha (2m sqft) of high quality commercial office space, and a further 3ha (335,000sqft) of shops, restaurants, a school and landscaped parks and walkways.
Sir George Lacobescu, chairman and chief executive officer of Canary Wharf Group, said: "We are delighted to have received approval from Tower Hamlets Council to proceed with the latest building in Canary Wharf Group's extensive pipeline and exciting residential offering.
"This decision is a major step in the progression of the New Phase, a development that will broaden and extend the Canary Wharf estate, adding to its vibrancy and continually expanding cultural, community and commercial offer."
The permission comes just days after the launch of Canary Wharf Group's first ever homes, at 10 Park Drive, adjacent to the Herzog & de Meuron tower.
A Stanton Williams designed building, 10 Park Drive is a mid-rise 13 storey building adjoining a 42-storey tower, together containing 74 studios, 115 one-bedroom apartments, 141 two-bedroom apartments and 15 three-bedroom apartments.
Canary Wharf is located in the West India Docks on the Isle of Dogs in the Borough of Tower Hamlets in East London.
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