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The London Docklands Development Corporation (LDDC) was a quango agency set up by the UK Government in 1981 to regenerate the depressed Docklands area of east London. [1] During its seventeen-year existence, it was responsible for regenerating an area of 22 square kilometres (8.5 sq mi) in the London Boroughs of Newham, Tower Hamlets and Southwark.
In March 2024, vacancies stood at 15.2%—up from 13.4% a year earlier and 4% in 2017, according to commercial real estate analytics group CoStar (although the so-called Grade-A properties managed ...
Consort Place, formerly known as Alpha Square, is a mixed-use development currently under construction in the Isle of Dogs, London, England, south of the financial district Canary Wharf. Original plans for the development were withdrawn by the developer in 2015 following a recommendation to refuse the scheme by Tower Hamlets Development Committee.
A local public library, called Idea Store Canary Wharf, is in Churchill Place shopping mall and run by Tower Hamlets Council which opened on Thursday 16 March 2006 as part of the Idea Store project [101] and is the borough fourth Idea Store. [102] Cinema. Canary Wharf hosts two multiplexes (cinemas), one on West India Quay run by Cineworld.
South Quay Plaza is located at 183–189 Marsh Wall, South Quay, within the London borough of Tower Hamlets. The development is to the south of Canary Wharf and overlooks the South Dock, which lies to the immediate north. The nearest station is South Quay DLR, and the closest London Underground station is Canary Wharf.
In January 2012, Canary Wharf Group took 100% control of the project by paying British Waterways £52.5m for their 50% stake and Ballymore £38m for their 25% stake. [14] [15] Under the agreement Canary Wharf Group has been a granted a new 250-year lease from British Waterways with ground rent payable which will grow to £6m per annum. [2] [16]
Riverside South is a proposed skyscraper development in Canary Wharf, London.Some below ground-level work was completed by 2014 on behalf of investment bank J.P. Morgan & Co., which bought a 999-year lease on the site with the intention of making the building its London office, but the firm has now moved into an existing Canary Wharf building.
In practice, these programs have empowered local governments to use eminent domain to seize property to redistribute to developers.