The Far East Consortium has unveiled plans for a £250m residential-led scheme in Canary Wharf. The Hong Kong-based developer acquired Ensign House and an adjoining surface car park for £28.25m, a 49,000 sq ft site on the north side of Marsh Wall, a five-minute walk from Canary Wharf station. The new scheme will sit directly opposite FEC’s planned Consort Place, due for completion in 2023, which comprises 634 residential units and a 231-room hotel. John Connolly, FEC’s head of UK development, said the company would work with Tower Hamlets Council to “provide affordable homes to locals, transforming the surrounding area into a much-needed quality public realm and a highly desirable place to live”.
Property Week (11/02/20)