Canary Wharf Group receives £535m loan for Wood Wharf BTR
Canary Wharf Group receives £535m loan for Wood Wharf BTR

Canary Wharf Group receives £535m loan for Wood Wharf BTR

The scheme, which includes 295 affordable homes, will become part of the mixed-use neighbourhood in Wood Wharf.
RE+D magazine
03.08.2023

Privately held investment firm Cain International and controlled affiliates of private investment firm Starwood Capital Group, have agreed on a £535m loan to Canary Wharf Group for the next phase of development of its Wood Wharf residential scheme.

Part of the wider Canary Wharf estate, Wood Wharf Phase 3 will deliver a 1,308-home Build to Rent scheme split across three towers and two buildings, alongside c. 26,300 sq ft Net Internal Area (NIA) of ancillary commercial space.

The scheme, which includes 295 affordable homes, will become part of the mixed-use neighbourhood in Wood Wharf. The development is in phases, with completion expected from end of 2025 to Q1 2027. 

Wood Wharf Phase 3 will be delivered with a target Level 4 Code for Sustainable Homes across the private market properties, and BREEAM Excellent on the commercial space.

(source:btrnews)