Following the initial acquisition of the freehold interest from Carillion in 2002, J Peiser Wainwright negotiated terms to acquire the majority of the long leasehold interests in the Heron Quays West site in a series of off-market transactions.
The low density office/industrial units at Heron Quays dated from the early 1980’s when the Docklands Enterprise Zone was first established which pre-dated the construction of the Canary Wharf estate; the site forms a natural extension to the Canary Wharf estate and the office buildings in Bank Street, E14.
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Sir Richard Rogers of Rogers Stirk Harbour & Partners designed the 200,000 sq m (2,150,000 sq ft) office scheme that obtained planning consent in 2008. Following the grant of planning permission London Borough of Tower Hamlets resolved to grant a Compulsory Purchase Order to facilitate the completion of the site assembly and appointed J Peiser Wainwright to act on its behalf as the private treaty negotiator.
J Peiser Wainwright has provided advice to Canary Wharf Group PLC and London Borough of Tower Hamlets throughout the CPO process which has included a judicial review and a CPO inquiry.
(CD/KMcA)
