US fund manager Fidelity Investments is pressing ahead with plans for 75,000 sq m (807,320 sq ft) of speculative offices in London’s Docklands.
In the wake of the US terrorist attacks and President Bush’s “War on Terrorism”, the fund reconsidered its plans but decided to go ahead with the 19-storey scheme, which will kickstart Tower Hamlets council’s £250m Millennium Quarter, masterplanned by EDAW.
Designs for the development, which will comprise 70,975 sq m (764,000 sq ft) of offices and 2,694 sq m (29,000 sq ft) of shops, restaurants and amenities, will be officially unveiled next week by architect Michael Hopkins & Partners.
Fidelity plans to take up to 13,935 sq m (150,000 sq ft) in the scheme, to be called London Millharbour.
Millennium Quarter, which will be built on a site immediately to the south of Canary Wharf, will comprise over 371,600 sq m (4m sq ft) and is due for completion by 2004.
The Quarter will also include buildings by Patrick Davies, Michael Squire & Partners, Skidmore, Owings & Merrill and epr architects.
Fidelity’s development arm, Pembroke Real Estate, won consent for the scheme in May.
EGi News 28/09/01
