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One Park Drive Canary Wharf, London

The new residential district of Canary Wharf will be one of green garden spaces, riverside boardwalks and luxury waterfront living. The area is due to house 3,300 new homes, a school, parks and more. One Park Drive will be the signature building in this new destination located in the very heart of Canary Wharf, a vibrant, well-connected office, retail and nightlife area.

One Park Drive, Canary Wharf, London

River Thames

Canary Wharf Pier Middle Dock

South Dock

North Dock

Blackwall BasinCYCLE HIRE

DLR

ONE CANADA SQUARE

CHURCHILLPLACE

WESTFERRY CIRCUS

CHARTER STREETGEORGE ST.

PA

RK

DR

IVE

CH

AR

TER

STR

EE

T

COMPTON QUAY

WATER STREET

WOOD WHARF QUAY

HARBORDSQUARE

THE LANES

LOVEGROVE WALK

COMPTON GARDENS

ADDINGTON WALK

JUBILEE PARK

CANADA SQUARE

PARK

UNION SQ.

BERNIERS PLACE

CARTIERCIRCLE

CABOTSQUARE Canary Wharf

DLR

Canary WharfJubilee Line

Heron QuaysDLR

West India QuayDLR

Crossrail PlaceElizabeth Line

* Map is for illustrative purposes only and not to scale. Map represents existing and future developments. Future developments are subject to planning approval. Naming within the residential New District is subject to approval.

Canary Wharf Estate Canary Wharf New District Estate Entrance Underground Station DLR Station Cycle Docking Station Crossrail Station

The new district will be located just to the east of the existing Canary Wharf Estate. The expansion includes the redevelopment of 9.39 hectares of current brownfield sites. When complete, it will incorporate 3.6 hectares of public space and gardens, 2.7 million square feet of residential space featuring 3,300 new homes, 2 million square feet of new office space and 380,000 square feet of retail.

One Park Drive will begin as a freestanding landmark and is nothing short of an architectural triumph, designed by world-renowned architects Herzog & de Meuron. Eventually, it will form part of the streets, parks and wider urban area of this new district in Canary Wharf.

It is a unique building, designed to work on a human scale. One Park Drive is a singular building made up of three distinct zones. Each zone has its own characteristics but they work together to create an inimitable building. The three zones allow a sense of individuality in the larger development.

Canary Wharf’s 128 acre private estate

1

One Park Drive has three distinct typologies offering different types of accommodation. The building’s 58 storeys are made up of these three zones, all distinct with their own characteristics, but brought together seamlessly. The Loft apartments on the lower floors house some of the largest apartments with high ceilings and wrap-around terraces. The Cluster apartments in the middle of the building have floorplates which are mirrored and rotated to create visual complexity, with the spiralling top of the building housing the Bay apartments. The design of the Bay apartments is to maximise light and views across London.

The interior of the apartments focuses on natural materials and finishes with special attention paid to tactile surfaces and texture. The three zones which are so well expressed on the outside of the building have their own disparate yet congruous personalities inside as well.

Bowler James Brindley Limited designed the interiors for the Loft apartments and Goddard Littlefair the interiors for the Cluster and Bay apartments.

The living space at One Park Drive is truly world-class. The curvature and faceting of the building enables every apartment to have its own sheltered external areas, seamlessly connected with the interior space.

Amenities

The communal spaces at One Park Drive, by G.A Design, are fully integrated into the life of the building and located on the first two floors. The library and residents’ lounge, together with the pool and gym are enhanced by large floor to ceiling windows and a seamless interaction with the surrounding gardens and water.

The interior spaces radiate from the central core outwards and include:

– Concierge and reception – 24 hour Estate wide security – Health and fitness facility, including:

– Gym – 20 metre swimming pool – Steam room – Sauna – Studio space – Changing and shower facilities

– Car parking spaces – Charging point for electric cars – Outdoor park area – Basement cycle storage – Post room

One Park Drive, Canary Wharf – Herzog & de Meuron’s first residential building in the UK

The Lanes

Wood Wharf Quay

Harbord Square

The residences

2–3One Park Drive Canary Wharf, London

Cluster apartment kitchen and living area

Bay apartment living area, kitchen and terrace Loft apartment kitchen and living area overlooking South Dock

Bay apartment bedroom with view towards London skyline

Lobby overlooking South Dock Gardens

Loft apartment master bathroomSwimming pool overlooking South Dock


Located to the east of central London and in the Tower Hamlets borough, Canary Wharf is one of London’s newest buzzing commercial districts, being under 30 years old. The area is one of Europe’s largest commercial office districts and is now a thriving multi-use neighbourhood with modern office buildings, restaurants, retail, entertainment, nightlife and open spaces that make the area so popular.

Connectivity

Since the opening of the Underground station as part of the first Jubilee Line extension at Canary Wharf in 1999, the connectivity of the area has flourished. The district is further served by two Docklands Light Railway stations. Canary Wharf’s DLR station offers services to the City of London via Bank Station (10 minutes), Stratford International (13 minutes), London City Airport (14 minutes) and further stations to the east and south. The Jubilee Line from Canary Wharf station provides direct access to London Waterloo station and the city’s famous Southbank in 8 minutes, Green Park for Buckingham Palace in 12 minutes, and the shopping of world-famous Bond Street in 14 minutes. Canary Wharf is also served by the Thames River bus with a dedicated pier on the west side of the Estate.

Canary Wharf overview

North Greenwich (for the O2) 2

London Bridge (for the Shard and commercial district)

6

Waterloo (for the Southbank) 8

Bond Street (for shopping) 14

London City Airport 10

London Heathrow 72

Average current travel time in minutes (via Canary Wharf DLR station)

Bank (for City of London) 10

Stratford International 13

Greenwich 10

London City Airport 14

Average current travel times in minutes (via Canary Wharf DLR station)

Average current travel times in minutes (vs via Canary Wharf Crossrail station)

Walking By tube By DLR By car Current journey time Crossrail journey time

Located next to the River Thames and with the waterside of the docklands on the doorstep, Canary Wharf residents will benefit from regular and fast transport connections to central London and beyond. Compared with London’s other business and entertainment districts, Canary Wharf living is exceptionally good value.

Liverpool Street 21 6

Bond Street 14 13

Paddington 33 17

Heathrow 55 39

Canary Wharf will also be the home of a station for the forthcoming Elizabeth Line (aka Crossrail) which will connect London Heathrow, Paddington and the west through the centre of London to Canary Wharf and the east. The line is due to be running by December 2018 with all stations connected by December 2019. It will cut journey times from Canary Wharf significantly with direct trains to Liverpool Street in 6 minutes, Paddington in 17 minutes and Europe’s largest airport, London Heathrow (39 minutes).

Canary Wharf Group completed construction works on the Canary Wharf Elizabeth line station in 2015. It was the first station to complete on the line. Designed by Foster + Partners the station includes ‘Crossrail Place’, incorporating a shopping centre and a park with roof garden on the top level.

Canary Wharf Estate


Cabot Square

Sandro

Helisphere by Charles Hadcock

Fortuna by Helaine Blumenfeld

Paul Smith

The Pagination

Roka


The area is home to the world or European headquarters of major banks, professional services firms and media organisations including Barclays, CITI, HSBC, KPMG and Thomson Reuters. Over the more recent period the district has also become increasingly known as a centre for technology, media and entertainment.

Now, with the area having a unique waterside location, Canary Wharf is also recognised as a well maintained and beautifully landscaped space. It is a vibrant district that is well-connected by air from London City Airport, Underground via the Jubilee line, two Docklands Light Railway stations and by

riverboat access via the Thames River Bus pier. The new Crossrail station will further enhance connections to central London and beyond.

The next stage in the redevelopment of the new residential district and Canary Wharf generally will be the imminent arrival of the Elizabeth Line (aka Crossrail), due to open at Canary Wharf in 2018. The new east-west cross-London route will provide a high-frequency commuter and suburban passenger service linking Heathrow, Bond Street and other central London locations in the west to Canary Wharf, Abbey Wood and Shenfield in the east.

Canary Wharf: From import docks to thriving district

Elizabeth Line

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Overg

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Baker

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Circle

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smith

& C

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Jubile

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Me tropoli

tan

No rt her

n

Piccad

illy

Vi cto

ria

Elizab

eth

Rail

Shenfield41m

in

Harold Wood

32min

Gidea Park29m

in

Chadwell Heath23m

in

Seven Kings19m

inManor Park

14min

Maryland10m

in

Brentwood36m

in

Romford

27minGoodm

ayes

21minIllford

17minForest Gate

12min

Reading

66m

in

Maiden

head

54m

in

Taplow

51m

in

Slough

45m

in

Iver

39m

in

Heathrow

39min

Twyford

60m

in

Burnham

48m

in

Langley

42m

in

Wes

t Dra

yton

37m

in

Hay

es&

Har

ling

ton

33m

in

Sou

thal

l30

min

Han

wel

l26

min

Wes

t Eal

ing

27m

in

Eal

ing

Bro

adw

ay25

min

Act

on M

ainl

ine

21m

in

Pad

din

gto

n17

min

Bon

d S

tree

t13

min

Totte

nham

Cou

rt R

oad

11m

in

Farr

ing

don

8min

Live

rpp

ol S

tree

t6m

in

Whi

tech

apel

3min

Woolw

ich

8min

Abbey W

ood

12m

inCanar

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harf

Custom

House

3min

Stratford

8min

The redevelopment of Canary Wharf from the abandoned docklands area of the 1980s to one of Europe’s largest business districts has been a steady process. What has emerged is a busy and bustling office and commercial area where over 120,000 people come to work daily.

Canary Wharf Jubilee Line Canary Wharf Pier Crossrail station


The housing market in E14 has been a strong and steady performer over the last decade, with prices increasing from an average of £305,182 in 2006 to £486,510 by 2016. In comparison with other popular London business and commercial districts, this area of London is still very affordable.

As shown in the accompanying map, the Canary Wharf area shows average flat prices in 2016 of between £600,000 and £700,000, far below those on the Southbank (over £1 million), City and City Fringe (£800,000 – £1 million) and further afield to the west where flat prices in 2016 averaged well over £1 million. This indicates that Canary Wharf is still extremely good value, with potential room for price increases in the coming years.

Housing market

Average flat prices across London, 2016

Average price sold, Flats (E14)

0

500

1,000

1,500

2,000

2,500

3,000

£200,000

£250,000

£300,000

£350,000

£400,000

£450,000

£500,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Uni

ts s

old

per

annu

m

Ave

rage

Pric

e

Units sold (RHS) Average Flat Price

Over the last ten years, flat prices in the E14 postcode district have risen 58%, with an average of over 1,500 flat units sold per annum (making up around 90% of total stock sales in the area).

In terms of price levels, and again although the residential market in this sector is a relatively small one, it still provides some information with regards to performance over the last 16 years. Since 2000, the average flat price in this local area has moved from around £303,000 to £654,000, an increase of over 115%. Even in just the last five years, average flat prices have increased by 10%. Such a sharp increase in prices is a good indication that there is strong demand for residences in this part of London.

The private rented sector has also grown strongly in recent years. The number of households in the private rented sector has increased by 75% between over the last decade.

Increasing demand for rented accommodation in the local borough of Tower Hamlets has resulted in strong rental growth in recent years. The average rent has increased by 15% over the last decade, indicating that increased private renting in the area has resulted in strong growth.

There are currently some 12,000 private renters in the surrounding E14 postcode area alone. The transient nature of renters means there is a large population of tenants

Increase in average flat price over the past two years

10%

for investors at One Park Drive to draw from. Furthermore, with a working, daytime population in the area of over 120,000, most of who commute to the area from other parts of London, there is significant potential to draw from these commuters as many will be privately renting elsewhere but will desire to be closer to their work.

Chalk Farm

Camden TownVictoria Park

Poplar

Isle of Dogs

Regent’s Park

Mayfair

Soho

Westminster

PimlicoVauxhall

Southwark

Clerkenwell

City of London Whitechapel

Canary Wharf

Addington Walk Compton Quay

Source: Land Registry

Source: Land Registry

Below £300k

£300k – £400k

£400k – £500k

£500k – £600k

£600k – £700k

£700k – £800k

£800k – £900k

£900k – £1m

Above £1m

Canary Wharf Estate

City of London


With over 12,000 private renters in the E14 area earning over £40,000 per annum, the underlying depth of demand for rental homes in this area is robust.

Expected rents and yields

LoftBeds Min rent Max rent Yield

£545 £1,325 3.58%

Suite £545 £595 4.26%

1 Bed £700 £825 4.05%

2 Bed £850 £1,000 3.14%

3 Bed £1,065 £1,325 3.10%

ClusterBeds Min rent Max rent Yield

£525 £910 4.04%

Suite £525 £600 4.47%

1 Bed £630 £710 4.06%

2 Bed £825 £910 3.59%

BayBeds Min rent Max rent Yield

£725 £1,230 3.33%

1 Bed £725 £790 4.00%

2 Bed £850 £985 3.19%

3 Bed £1,100 £1,230 3.11%

One Park Drive lettings investment

Loft apartment living area and kitchenCluster apartment bedroom

Cluster apartment living area and terrace


London lifestyle

London is the only city in the world to

have hosted the Summer Olympics

three times

4 World-heritage sites, more than any other city

in western Europe

3 of the top10 most visited museums in the world

are in London

Kew Gardens

Royal Observatory Greenwich

Tower of London

Palace of Westminster

22mTheatre visits per year

66Michelin star restaurants

520Hotels

761Gyms

241Professional theatres

200Museums and galleries

5,000Hair salons

9,224Cafes and restaurants

One of the world’s ‘greenest’ cities for its size

8Large royal parks

40%Total open green space.

More than NYC, Berlin, Paris and Amsterdam

Robust economy

Population increase

Low interest rates

World class education

Strong legal structure, asset protection and multi-cultural society

London as a ‘safe haven’

Reasons to buy in London

Favourable exchange

rates

Crossrail is forecasted to drive growth by 3.3% per annum over and above underlying

house price growth during its build

Ease of access to four main airports in close proximity

Centrally located between Asia and

North America

Undersupply of quality new homes

Favourable timezone

London is a leading technology and research centre, Google is one of many

global brands relocating to the area

London population set to increaseto 10 million by 2031, that’s 1.4 million

more people in the next 15 years

More than

393,000 employees work in the The

City of London. The world’s leading financial district

52,000homes are required per

annum in London. Only 24,800 were built in 2016


Bay apartments looking towards the City of London

Jennet Siebrits Head of Residential Research +44 20 7182 2066 [email protected]

Frida Skytt Senior Analyst +44 20 7182 2535 [email protected]

Joseph Selby Senior Director +44 20 7519 5900 [email protected]

CBRE Limited confirms that information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt their accuracy, we have not verified them and make no guarantee, warranty or representation about them. It is your responsibility to confirm independently their accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Images provided are computer generated. All travel times taken from TFL. © 2017 CBRE Ltd.

CBRE Research, DCLG, Land Registry, ONS, Rightmove

Disclaimer 2017 CBRE

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