First ever residents move onto the Canary Wharf Estate as 10 George Street opens its doors
This month marks a significant milestone for the London property market as the very first residential building opens on the Canary Wharf estate.
Residents are beginning to move into 10 George Street, the first build-to-rent development to open on the Estate by Canary Wharf Group’s new residential leasing company, Vertus. As one of London’s most successful business regions since the 1980s, residents living on the Estate for the very first time is a historic moment for the area and the development of the new district, Wood Wharf.
The build-to-rent sector has been growing for some time and there are currently over 65,000 properties forthcoming in the UK with either full planning approval or under construction for the rental market exclusively (Knight Frank). The sector has grown by 15 per cent since Q4 2018, accounting for an additional 20,000 homes in the past year (Savills). Vertus has been created in response to increased demand for rental accommodation on the Canary Wharf estate, and is expected to be an integral part of the new community on Wood Wharf, which will also include nearly two million sq ft of office space, 350,000 sq ft of carefully-selected retailers, a new GP surgery and new school.
10 George Street has been designed by GRID Architects and comprises 327 apartments. These will be part of up to 3,600 homes planned overall for the Wood Wharf neighbourhood. The development will create a new benchmark for build-to-rent living, with residents’ needs at the heart of every consideration from the design to the maintenance of the building. Residents can sign a flexible tenancy to suit their own needs, with varied deposit options available.
The apartments’ interiors are in an open-plan format to accentuate natural light throughout, with high-specification appliances. The homes are fully-furnished by Camerich and residents will have autonomy over interior decorations. The first-class amenities at the development include Club Vertus, a private residents’ space which has been furnished by interior design house Angel O’Donnell.
Club Vertus provides a lounge, private event space and bar area with automatic wine dispensers. There is additionally an expansive south-facing garden terrace, which offers panoramic views across the South Dock and wider Canary Wharf skyline. The areas are available for private bookings for residents who would like to host events. There are additionally two hotel-style Guest Suites in the building which can be booked for visiting family or friends to use. The amenities are completed with a private gym studio run by wellness experts Antidote, part of the Health Concierge Group.
Residents at 10 George Street will be in a prime location to enjoy the highlights of living in one of the most vibrant and exciting areas of London. These include five shopping malls, some of the city’s most exciting restaurants and a creative and diverse arts and events programme, all within the security of the privately-owned Estate. The arts and events programme includes the highly popular Winter Lights festival; one of the UK’s largest public art collections, sports tournaments and summer outdoor screenings.
Alastair Mullens, Head of Vertus, says: “It is a very exciting milestone to open our first development on the Estate with the creation of these exceptional properties available exclusively to the rental market. The increasingly diverse nature of the area has created a strong appetite for living here, and so far, we’ve seen applicants of all ages from all walks of life. We look forward immensely to seeing a strong community develop as the very first people move onto the Estate.”
Laurence Osborn, Director at GRID Architects, says: “Our intention for 10 George Street was to deliver a benchmark building that resonated with the Vertus brand which contributes to the emerging Wood Wharf skyline. The floor plan was developed so that all apartments have a view and private amenity space overlooking the South Dock. The lower stone building defines a human scale to George Street whilst the tower above has an elegant simplicity. With the retail, amenity spaces and terrace, 10 George Street will offer delight and varied experiences for future residents.”