Clifford Chance

Clifford Chance advises Canary Wharf Group Plc on development site

Clifford Chance has advised long-standing client Canary Wharf Group Plc on the purchase of a 0.25 acre development site adjacent to the Limehouse Cut, Tower Hamlets.

The site on Burdett Road was acquired from Telereal Trillium and has planning consent for an 11-storey mixed-use development comprising 56 apartments, including affordable dwellings, together with commercial space at ground-floor level. It formerly housed a 1930s block vacated by the Department for Work and Pensions in 2006.

The deal follows Clifford Chance's involvement in advising Canary Wharf Group Plc on its acquired ownership of the Wood Wharf Limited Partnership and associated companies and an overriding 250 year lease for the 16.8 acre Wood Wharf site adjacent to the Canary Wharf estate.

Lead Clifford Chance Real Estate Partner, Tony Briam, comments:

"It is always a pleasure to work with our long standing client Canary Wharf Group Plc, which continues to lead key regeneration projects and we were delighted to assist on this purchase"

The Clifford Chance legal team advising Canary Wharf Group Plc was led by London Real Estate Partner Tony Briam, who was assisted by associate Lindsay Wiltshire. Planning and Environmental advice was provided by partner Nigel Howorth assisted by associate Elizabeth Hardacre.