Canary Wharf set for £2bn neighbour

New development set to be Uk's most ambitious and exciting mixed-use scheme

One of the “UK’s most ambitious and exciting mixed-use” schemes is on the cards after the launch of an international competition for the £2bn project. The 8ha site to the east of Canary Wharf is described as one of the Britain’s biggest waterside development opportunities by British Waterways, which is running the competition to find a joint-venture partner to develop Wood Wharf. The partner will work with British Waterways to transform the area into a landscaped commercial hub of 500,000m2 including a hotel, 1,500 homes, shops and restaurants. Low-density industrial, office and warehouse units stand on the site, and a masterplan drawn up by architect Nick Kuhn was accepted as supplementary planning guidance by Tower Hamlets late last year. It is understood a landscape architect has not yet been appointed. British Waterways owns the freehold to Wood Wharf and has set a closing date for expressions of interest in the partnership of 15 March 2004. The public corporation cares for a 2,000-mile network of canals and rivers and a property worth over £400m.

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