One Park Drive , 1

One Park Drive, Canary Wharf, London

The new residential district of Canary Wharf will be one of green garden spaces, riverside boardwalks and luxury waterfront living. The area is due to house 3,300 new homes, a school, parks and more. One Park Drive will be the signature building in this new destination located in the very heart of Canary Wharf, a vibrant, well-connected office, retail and nightlife area.

The new district will be located just to the One Park Drive will begin as a freestanding east of the existing Canary Wharf Estate. landmark and is nothing short of an The expansion includes the redevelopment architectural triumph, designed by of 9.39 hectares of current brownfield sites. world-renowned architects Herzog & de When complete, it will incorporate Meuron. Eventually, it will form part of the 3.6 hectares of public space and gardens, streets, parks and wider urban area of this 2.7 million square feet of residential space new district in Canary Wharf. featuring 3,300 new homes, 2 million square feet of new office space and It is a unique building, designed to work 380,000 square feet of retail. on a human scale. One Park Drive is a singular building made up of three distinct zones. Each zone has its own characteristics but they work together to create an inimitable building. The three zones allow a sense of individuality in the larger development.

West India Quay DLR North Dock Place Elizabeth Line

CYCLE HIRE

CANADA Blackwall Basin WESTFERRY CABOT DLR ONE CANADA CHURCHILL CARTIER SQUARE SQUARE SQUARE PLACE CIRCLE CIRCUS Canary Wharf PARK DLR QUAY LOVEGROVE WALK BERNIERS Canary Wharf Canary Wharf PLACE Pier Middle Dock UNION SQ. HARBORD SQUARE

WATER STREET CHARTER STREET

JUBILEE PARK PARK DRIVE THE LANES COMPTON GARDENS GEORGE ST. CHARTER STREET

ADDINGTON WALK

Heron Quays DLR COMPTON QUAY South Dock

Canary Wharf Estate Canary Wharf New District Estate Entrance Underground Station DLR Station Cycle Docking Station Crossrail Station

* Map is for illustrative purposes only and not to scale. Map represents existing and future developments. Canary Wharf’s 128 acre private estate Future developments are subject to planning approval. Naming within the residential New District is subject to approval. One Park Drive 2–3 Canary Wharf, London

The residences

The living space at One Park Drive is truly world-class. The curvature and faceting of the building enables every apartment to have its own sheltered external areas, seamlessly connected with the interior space.

One Park Drive has three distinct typologies Amenities offering different types of accommodation. The building’s 58 storeys are made up of The communal spaces at One Park Drive, these three zones, all distinct with their by G.A Design, are fully integrated into the own characteristics, but brought together life of the building and located on the first seamlessly. The Loft apartments on the lower two floors. The library and residents’ lounge, floors house some of the largest apartments together with the pool and gym are with high ceilings and wrap-around terraces. enhanced by large floor to ceiling windows The Cluster apartments in the middle of the and a seamless interaction with the building have floorplates which are mirrored surrounding gardens and water. and rotated to create visual complexity, with the spiralling top of the building housing The interior spaces radiate from the the Bay apartments. The design of the central core outwards and include: Bay apartments is to maximise light and The Lanes views across London. –– Concierge and reception –– 24 hour Estate wide security The interior of the apartments focuses on –– Health and fitness facility, including: natural materials and finishes with special –– Gym attention paid to tactile surfaces and texture. –– 20 metre swimming pool The three zones which are so well expressed –– Steam room on the outside of the building have their –– Sauna own disparate yet congruous personalities –– Studio space inside as well. –– Changing and shower facilities –– Car parking spaces Bowler James Brindley Limited designed –– Charging point for electric cars the interiors for the Loft apartments and –– Outdoor park area Goddard Littlefair the interiors for the –– Basement cycle storage Cluster and Bay apartments. –– Post room

Wood Wharf Quay

One Park Drive, Canary Wharf – Herzog & de Meuron’s first residential building in the UK Harbord Square One Park Drive 4–5 Canary Wharf, London

Bay apartment bedroom with view towards London skyline

Cluster apartment kitchen and living area

Bay apartment living area, kitchen and terrace Loft apartment kitchen and living area overlooking South Dock Lobby overlooking South Dock Gardens

Swimming pool overlooking South Dock Loft apartment master bathroom One Park Drive 6–7 Canary Wharf, London

Canary Wharf overview

Located next to the River Thames and with the waterside of the docklands on the doorstep, Canary Wharf residents will benefit from regular and fast transport connections to and beyond. Compared with London’s other business and entertainment districts, Canary Wharf living is exceptionally good value.

Located to the east of central London and in Canary Wharf will also be the home of a the Tower Hamlets borough, Canary Wharf station for the forthcoming Elizabeth Line is one of London’s newest buzzing (aka Crossrail) which will connect London commercial districts, being under 30 years Heathrow, Paddington and the west through old. The area is one of Europe’s largest the centre of London to Canary Wharf and commercial office districts and is now a the east. The line is due to be running thriving multi-use neighbourhood with by December 2018 with all stations modern office buildings, restaurants, retail, connected by December 2019. It will cut entertainment, nightlife and open spaces journey times from Canary Wharf significantly that make the area so popular. with direct trains to Street in 6 minutes, Paddington in 17 minutes and Connectivity Europe’s largest airport, London Heathrow (39 minutes). Since the opening of the Underground station as part of the first Jubilee Line completed construction extension at Canary Wharf in 1999, the works on the Canary Wharf Elizabeth line connectivity of the area has flourished. The station in 2015. It was the first station to district is further served by two Docklands complete on the line. Designed by Foster + Light Railway stations. Canary Wharf’s DLR Partners the station includes ‘Crossrail station offers services to the Place’, incorporating a shopping centre and via Bank Station (10 minutes), Stratford a park with roof garden on the top level. International (13 minutes), (14 minutes) and further stations to the east and south. The Jubilee Line from Canary Wharf station provides direct access to London Waterloo station and the city’s famous Southbank in 8 minutes, Average current travel times in minutes for in 12 minutes, and (via Canary Wharf DLR station) the shopping of world-famous in 14 minutes. Canary Wharf is also served by the Thames River bus with a dedicated pier Bank (for City of London) 10 on the west side of the Estate. Stratford International 13

Average current travel time in minutes 10 (via Canary Wharf DLR station) London City Airport 14 North Greenwich (for the O2) 2 Average current travel times in minutes (for 6 (vs via Canary Wharf Crossrail station) and commercial district) Waterloo (for the Southbank) 8 Liverpool Street 21 6

Bond Street (for shopping) 14 Bond Street 14 13

London City Airport 10 Paddington 33 17

London Heathrow 72 Heathrow 55 39 Canary Wharf Estate

Walking By tube By DLR By car Current journey time Crossrail journey time One Park Drive 8–9 Canary Wharf, London

Cabot Square Paul Smith

Sandro Fortuna by Helaine Blumenfeld The Pagination

Helisphere by Charles Hadcock Roka One Park Drive 10–11 Canary Wharf, London

Canary Wharf: From import docks to thriving district

Elizabeth Line The redevelopment of Canary Wharf from the abandoned docklands area of the 1980s to one of Europe’s Brentwood Shenfield largest business districts has been a steady process. What 41min Gidea Park36min has emerged is a busy and bustling office and commercial Chadwell Heath Reading 66min 29min area where over 120,000 people come to work daily. Harold Wood 32min Maidenhead Seven Kings23min 54min Romford Twyford60min Manor Park19min 27min The area is home to the world or European riverboat access via the Thames River Bus Burnham 48min Goodmayes 21min headquarters of major banks, professional pier. The new Crossrail station will further Taplow 14min 51min Maryland services firms and media organisations enhance connections to central London Langley Illford 17min including Barclays, CITI, HSBC, KPMG and and beyond. 42min 10min Slough 45min Forest Gate Thomson Reuters. Over the more West Drayton 12min recent period the district has also become The next stage in the redevelopment of Iver 37min Stratford 39min Ealing Broadway 25min Paddington 17min Bond Street 13min 11min Farringdon 8min Liverppol Street 6min 3min Acton Mainline 21min Southall 30min Hanwell 26min West Ealing 27min increasingly known as a centre for the new residential district and Canary Hayes& Harlington 33min 8min technology, media and entertainment. Wharf generally will be the imminent arrival of the Elizabeth Line (aka Crossrail), due Now, with the area having a unique waterside to open at Canary Wharf in 2018. The new location, Canary Wharf is also recognised east-west cross-London route will provide as a well maintained and beautifully a high-frequency commuter and suburban Heathrow 39min landscaped space. It is a vibrant district that passenger service linking Heathrow, Bond an is well-connected by air from London City Street and other central London locations in it ol rn t e a Airport, Underground via the Jubilee line, the west to Canary Wharf, Abbey Wood and al c h 8min tr e ri t adilly ori t R trop r t zabeth 3min vergroundakerloo is L ubilee e o i c li ail two stations and by Shenfield in the east. Cen O B Circl D D HammersmithJ &M City N Picc V E R Canary Wharf Abbey Wood Custom House 12min

Canary Wharf Jubilee Line Crossrail station One Park Drive 12–13 Canary Wharf, London

Housing market Average price sold, Flats (E14)

£500,000 3,000

The housing market in E14 Average flat prices across London, 2016 £450,000 2,500 has been a strong and Chalk Farm £400,000 2,000 steady performer over the Camden Town £350,000 1,500 last decade, with prices Victoria Park £300,000 1,000 increasing from an average Regent’s Park Average Price Units sold per annum of £305,182 in 2006 to £250,000 500

£486,510 by 2016. In Clerkenwell £200,000 0 comparison with other 2011 2000 2001 2002 2003 2005 2006 2007 2008 2009 2010 2012 2013 2015 2016 2004 2014 popular London business Soho City of London Whitechapel Poplar Units sold (RHS) Average Flat Price Source: Land Registry and commercial districts, Mayfair this area of London is still Canary Wharf very affordable. Over the last ten years, flat prices in the The private rented sector has also grown for investors at One Park Drive to draw from. Southwark E14 postcode district have risen 58%, strongly in recent years. The number of Furthermore, with a working, daytime Westminster As shown in the accompanying map, the with an average of over 1,500 flat units households in the private rented sector population in the area of over 120,000, most Canary Wharf area shows average flat prices sold per annum (making up around 90% has increased by 75% between over the of who commute to the area from other parts Pimlico of total stock sales in the area). last decade. of London, there is significant potential to in 2016 of between £600,000 and £700,000, far below those on the Southbank (over draw from these commuters as many will be £1 million), City and City Fringe (£800,000 In terms of price levels, and again although Increasing demand for rented privately renting elsewhere but will desire to – £1 million) and further afield to the west the residential market in this sector is a accommodation in the local borough of be closer to their work. relatively small one, it still provides some Tower Hamlets has resulted in strong rental where flat prices in 2016 averaged well over £500k – £600k £800k – £900k Below £300k Canary Wharf Estate information with regards to performance over growth in recent years. The average rent £1 million. This indicates that Canary Wharf £600k – £700k £900k – £1m £300k – £400k City of London the last 16 years. Since 2000, the average has increased by 15% over the last decade, is still extremely good value, with potential £400k – £500k £700k – £800k Above £1m Increase in average flat price over flat price in this local area has moved from indicating that increased private renting in room for price increases in the coming years. the past two years around £303,000 to £654,000, an increase the area has resulted in strong growth. Source: Land Registry of over 115%. Even in just the last five years, average flat prices have increased by 10%. There are currently some 12,000 private Such a sharp increase in prices is a good renters in the surrounding E14 postcode area alone. The transient nature of renters 10% indication that there is strong demand for residences in this part of London. means there is a large population of tenants

Addington Walk Compton Quay One Park Drive 14–15 Canary Wharf, London

One Park Drive lettings investment

With over 12,000 private Expected rents and yields renters in the E14 area Loft earning over £40,000 per Beds Min rent Max rent Yield annum, the underlying £545 £1,325 3.58% depth of demand for rental Suite £545 £595 4.26% homes in this area is robust. 1 Bed £700 £825 4.05% 2 Bed £850 £1,000 3.14% 3 Bed £1,065 £1,325 3.10%

Cluster Beds Min rent Max rent Yield £525 £910 4.04% Suite £525 £600 4.47% 1 Bed £630 £710 4.06% 2 Bed £825 £910 3.59%

Bay

Beds Min rent Max rent Yield £725 £1,230 3.33% 1 Bed £725 £790 4.00% 2 Bed £850 £985 3.19% Cluster apartment living area and terrace 3 Bed £1,100 £1,230 3.11%

Cluster apartment bedroom Loft apartment living area and kitchen One Park Drive 16–17 Canary Wharf, London

London lifestyle Reasons to buy in London

241 22m 3 of the top10 most visited Professional Theatre visits theatres per year museums in the world 52,000 Undersupply of Centrally located Ease of access to are in London quality new homes between Asia and four main airports homes are required per North America in close proximity 200 66 annum in London. Only Museums and Michelin star 24,800 were built in 2016 galleries restaurants World-heritage sites, 5,000 520 more than any other city More than Hair salons Hotels in western Europe Robust Low interest Population 4 economy rates increase 393,000 9,224 761 Cafes and Gyms employees work in the The restaurants City of London. The world’s leading financial district

Favourable London is a leading technology and London is the only timezone research centre, Google is one of many city in the world to global brands relocating to the area have hosted the Summer Olympics

three times London population set to increase to 10 million by 2031, that’s 1.4 million Strong legal structure, London as a World class more people in the next 15 years asset protection and ‘safe haven’ education One of the world’s ‘greenest’ multi-cultural society

cities for its size Royal Observatory Greenwich

8 40% Large royal parks Total open green space. Favourable Crossrail is forecasted to drive growth by More than NYC, Berlin, Paris exchange 3.3% per annum over and above underlying and Amsterdam rates house price growth during its build Bay apartments looking towards the City of London Contacts: Jennet Siebrits Joseph Selby Head of Residential Research Senior Director +44 20 7182 2066 +44 20 7519 5900 [email protected] [email protected]

Frida Skytt Senior Analyst +44 20 7182 2535 [email protected]

Sources: CBRE Research, DCLG, Land Registry, ONS, Rightmove

Disclaimer 2017 CBRE CBRE Limited confirms that information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt their accuracy, we have not verified them and make no guarantee, warranty or representation about them. It is your responsibility to confirm independently their accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Images provided are computer generated. All travel times taken from TFL. © 2017 CBRE Ltd.