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LBS finally receives go ahead for £230 million Canary Wharf scheme

LBS finally receives go ahead for £230 million Canary Wharf scheme
18th December 2018

LBS finally receives go ahead for £230 million Canary Wharf scheme

After the rejection of seven previous planning applications and severe delays, developer LBS Properties has finally secured approval to go ahead with a massive £230 million development at Cubitt Property’s 225 Marsh Wall by Canary Wharf.

The site will be a 48-storey mixed-use development comprised of 332 apartments (with 71 affordable units), as well as 10,000 sq ft of commercial space and a landscaped public area at ground level. Construction is due to start following the completion of the new Canary Wharf Crossrail station in 2019.

An original planning application was submitted in as far back as 2008, and the continued failure of applications to receive approval led to a public inquiry on updated proposals in September, and the most recent application being given the green light after appeal, with LBS using virtual reality to enable the appeal inspector to conduct a thorough assessment of the buildings.

Nick Crawford, managing director at LBS Properties, says: “We are delighted to have received planning permission for this significant development, that will provide high-quality new homes, commercial space, and extensive public realm, contributing to the evolution of the South Quay area as an attractive place to live and work. It will combine with The Madison to provide a new public square for Marsh Wall East, and over 750 new homes in two slender towers.”

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.


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