JLL has signed the first green lease clause on the Canary Wharf estate, as part of plans to relocate its Docklands office to the upcoming building at 20 Water Street on Wood Wharf, E14.
The property agency said it would move its team currently based at 40 Bank Street to the second and third floors of the Canary Wharf Group-owned building, which is set to open early next year.
JLL is the first occupier to take space at the 214,000 sq ft scheme designed by Allies and Morrison, signing for 38,000 sq ft at the site. The space will enable flexible working as employees begin returning to the office as the UK eases Covid-19 restrictions.
The green lease clause will see Canary Wharf Group and JLL procure renewable energy for the building, cut down on waste and agree a series of performance and energy targets. It comes as part of both companies’ promises to achieve net zero carbon emissions by 2030.
Stephanie Hyde, UK CEO at JLL, said: “As we emerge from the pandemic tunnel it’s clear from discussions with clients that offices continue to play a central role in future workplace strategies. At Wood Wharf we will focus on providing flexible and collaborative space that form a natural part of our workplace strategy to enhance productivity and colleague wellbeing.”
20 Water Street is part of Canary Wharf Group’s new 5m sq ft Wood Wharf district, which includes 2m sq ft of commercial workspace, nine acres of waterside boardwalks and green spaces, plans for up to 3,600 new homes and 350,000 sq ft of retail and leisure space.
Shobi Khan, CEO at Canary Wharf Group, added: “JLL and CWG share a commitment to sustainability and transitioning to net zero and through our new green lease clause we will work together to create an environment that raises the benchmark for office space.”
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