Most people know Canary Wharf as one of London’s major business districts. However, that is not all it has to offer. The area has been diversifying for decades. It is now a great place to live, spend time relaxing, and more. It is also set to become an important spot for health and life sciences. We want to have a look at this exciting new development. Then, if you need guaranteed rent in Tower Hamlets, you can speak to us.

A new tower

Canary Wharf Group and Kadans Science Partner will create a brand new 23-storey tower at North Quay. The site is 3.3 hectares and will become the home of workspace and science labs. In total there will be 823,000 sq ft of health and life science space.

The location is fantastic because it is close to the new station on the Elizabeth Line. Interestingly, the site was actually used for laydown when the station was under construction. It will now see redevelopment and help promote even more health and life science work in the area.

Sustainability

One of the most interesting things about the new tower is it will focus on sustainability. The whole strategy for the property is to make it low-carbon. It could inspire other projects and even lead to more opportunities for guaranteed rent in Tower Hamlets in the future.

To achieve the goals the tower will feature extensive insulation and an airtight fabric. The facade will be optimised to maximise performance. Plus, the MEP systems will be energy efficient. In addition, the building will feature renewable energy sources like PV panels.

Kadans is looking to utilise all of their experience from other projects here. Their goal is to set a new standard for sustainability in the field.

Progress

The proposal recently got planning approval from Tower Hamlets Council. Work is already in progress on the site, with enabling works underway. These will allow the first stages of the actual development to begin in the near future. The goal is then for the building to be ready in 2027.

The hope is that, once the building is finished, it will welcome the next generation of health and life sciences companies. They will want to use the innovative new facilities. This would continue the diversification in the area. It would also provide new opportunities for jobs, education, and more.

Do you need guaranteed rent in Tower Hamlets?

The last few decades have made Canary Wharf a great spot for property investment. At one point people would simply commute to work every day. Now more people live in modern apartments in the area. This also inspired more other businesses to set up shop, including cafes, restaurants, retailers, and more. Now the whole district is an urban hub with plenty to do and see.

If you are thinking of investing too, we can provide the best guaranteed rent in Tower Hamlets. With it your income is secure, so there is no need to worry about voids or other issues. Contact us to find out more.