One of the leading UK developers, Far East Consortium International Limited is pleased to announce the acquisition of Ensign House, Canary Wharf, London. Located on the north side of Marsh Wall, the 4,572 square metre site sits adjacent to Consort Place, FEC’s 634-residential unit and 231-key hotel development with a targeted completion in 2023.
The site currently comprises office building with a surface car park which will be demolished and replaced with a residentially led mixed use development. Ensign House benefits from excellent connectivity and is just a 5-minute walk from Canary Wharf. The circa £250m development will serve an increasing residential demand for housing in the area whilst FEC continues to work with the local authority, London Borough of Tower Hamlets; to deliver a scheme which will also offer high quality, community-focussed public realm. Ensign House will represent the latest in a number of recent developments within South Quay, other notable schemes include Landmark Pinnacle, Wardian and Millharbour West which have turned the historically office-led area into a residential one.
John Connolly, Head of UK Development at FEC comments: “Ensign House marks a new milestone in our commitment to deliver best-in-class residential homes in the heart of the capital. The acquisition will represent the latest instalment in the regeneration of South Quay. FEC is looking forward to working alongside Tower Hamlets to provide affordable homes to locals, transforming the surrounding area into a much-needed quality public realm and a highly desirable place to live.”
Ensign House is moments from Canary Wharf itself and Canary Wharf Underground Station, which is currently 14 minutes into Bond Street. The Elizabeth Line (Crossrail) is due to open in 2020 and will improve connectivity further with Liverpool Street Station, seven minutes away and Heathrow Airport a 39-minute journey. In addition, the Thames Clipper river boat service departs every 20 minutes, visiting over 39 piers along the River Thames.