April 20, 2015
Planning permission has been granted for two major new towers at Canary Wharf in East London. The developer Canary Wharf Group has been granted full permission for the 1 Bank Street development and outline planning permission for 1 Park Place. The 1 Bank Street building has been designed by architects Kohn Pederson Fox and is a 700,000 sq. ft. commercial property with 27 storeys including three levels of trading floors and also retail facilities at ground level as well as landscaping and public spaces. Bank Société Générale has already agreed a lease for 280,000 sq. ft. of the building over seven storeys on a 25 year lease. The planning committee at Tower Hamlets council has also granted outline planning permission for the 1 Park Place scheme, a 31-storey office building offering around one million sq. ft. of space.