Following the initial acquisition of the freehold interest from Carillion in 2002, JPW Real Estate negotiated terms to acquire the majority of the long leasehold interests in the Heron Quays West site in a series of off-market transactions.
The low density office/industrial units at Heron Quays dated from the early 1980’s when the Docklands Enterprise Zone was first established which pre-dated the construction of the Canary Wharf estate; the site forms a natural extension to the Canary Wharf estate and the office buildings in Bank Street, E14.
Sir Richard Rogers of Rogers Stirk Harbour & Partners designed the 200,000 sq m (2,150,000 sq ft) office scheme that obtained planning consent in 2008. Following the grant of planning permission London Borough of Tower Hamlets resolved to grant a Compulsory Purchase Order to facilitate the completion of the site assembly and appointed JPW Real Estate to act on its behalf as the private treaty negotiator.
JPW Real Estate has provided advice to Canary Wharf Group PLC and London Borough of Tower Hamlets throughout the CPO process which has included a judicial review and a CPO inquiry.