Riverside South | Docklands | 236m/189m | 45/37 fl | U/C

[jef]

Riverside South

Canary Wharf has recently successfully concluded the prelet/presale of massive bespoke head offices at 20 Churchill Place (CP, State Street), 5 CP (Bear Stearns), and 15 Canada Square (KPMG). The vacancy rate in the estate now stands around its 'natural rate' or 4%-5%.

Meanwhile Canary Whard indicated in their latest interim result they will start construction on Riverside South when and as market conditions permit. These conditions are now fullfilled to kickstart the speculative building of Riverside South.

Riverside South is the largest single office european development (around 300,000 sqft gross). It needs its own electricity substation (see map herebelow).

EDF ('Electricité de France'), French electricity giant has been awarded the contract 'to allow the Westferry Circus Substation capacity to be increased to cater for the increasing demand in the area, in particular the proposed Riverside South development'. Works on the substation are due to start yet in 2006 for a delivery date in 2009 to match the possible delivery date of Riverside South in 2009. Canary Wharf has not yet given precise date for starting the construction of Riverside South but it is believed construction could start as early as April 2007.






Edit: Below are the latest renderings, as of August 2008:

- wjfox

[DarJoLe]

Fabulous.

[Medo]

Fantastic news.

[Skid-Mark]

I'd rather see Heron's Quay west, but it's great all the same.

[wjfox]

I'm stunned. This is absolutely superb news.

[gothicform]

where did youg et this news from jef?

[jimbo]

Originally Posted by Medo

Fantastic news.

sod the dancing banana, lets wheel out the big guns.....

right, contain oneself. If true, this is epic news. in a way makes up for Columbus not happening. I thought they were planning to convert most of the scheme to resi?

[gothicform]

if they are feeling expansionist and want to cater to demand they HAVE to do this. they have no options left.

[wjfox]

Well, here's a photo of the current site. Nothing to demolish, no tenants, no NIMBYs.

It's little more than a junkyard, with a few crates and storage facilities.

[mulattokid]

[Gherkin]

The render and the model are different - how will the tops of the towers actually look? And whatever happened to the old designs, they were beautiful! Did NIMBYs destroy them and leave these buildings with boring cladding, no cross bracing and no spire?

[and-r]

wow thats amazing news! these are my favourite of the canary wharf proposals. they look like such brilliant quality and look like they will manange to break up some of the box style of the wharf but still having that typical canary wharf style.

[Gherkin]

But they are boxes, lol

[Manuel]

Cool news!

[DooMSireN]

I don't post here very often, but this is one i've been waiting for. I'm very excited about this one, it will make so much difference to CW.

[chest]

now that is a serious skyline..
can't wait to see the new design though,

[Medo]

Great work chest, looks good.

[Jamandell (d69)]

In all the renders (except that brilliant one directly above!) I've never appreciated how tall thay actually will be. I read the figures, but I just couldn't picture them really against the skyline.
Should be fantastic additions

[Medo]

[eXSBass]

Beautiful news.