Canary Wharf Group receive £535m loan for Wood Wharf project

Cain International, the privately held investment firm, and affiliates of Starwood Capital Group, the global private investment firm, have agreed a £535m loan to Docklands developer Canary Wharf for the next phase of development at its Wood Wharf residential scheme. Cain and Starwood Capital will each provide half of the £535m development loan, one of the largest in the UK in the past 12 months. Part of the wider Canary Wharf estate, Wood Wharf Phase Three is a 1,308-home private build-to-rent scheme, split across three towers and two buildings, alongside 26,300 square feet of commercial. The phase includes 295 affordable homes.

CoStar (28/07/2023)