Arrowhead Quay, Canary Wharf by Ballymore - 500M to Canary Wharf Tube

Ballymore has announced that they are looking for joint venture partners to develop three largescale waterside residential developments in London.  One of these developments is Arrowhead Quay, Canary Wharf.

The finalised design proposes two slim towers of 50 storeys (172.4m AOD to top of plant screen) and 55 storeys (188.4m AOD to top of plant screen) in height, to provide a residential-led mixed-use scheme. There will be a total of 792 residential units.  As expected, there will be penthouses on both towers (surely very expensive!)

The towers have been carefully designed so as not to appear as one single mass, however they will be linked at ground floor level with a double height, glazed lobby.

The towers contain:
 • Private and Intermediate residential units;
 • Ancillary residential indoor and outdoor amenity space including podium level amenity space and sky garden, a gym/swimming pool, cinema, residents’ lounge, business suite; and
 • Ground floor retail units and café.

The amenity space proposed at podium level (located at the second floor) provides both communal residential space as well as child playspace. A sky garden is proposed at level 53 of the east tower. Private balconies are provided for all residential units. Further amenity space is provided at ground floor in the form of a publicly accessible ‘western garden’.

Location
The site is bounded by Marsh Wall to the south, the Britannia International Hotel to the west, the Docklands Light Railway (DLR) to the east and West India South Dock to the north.

Zooming out a bit more, the location is very good, even nearer than Dollar Bay Tower, Canary Wharf.

This aerial photo shows you the plot - the red part.

Transport Links - Excellent

• Canary Wharf Station on the Jubilee Line Extension, approximately 500m from the Site
• Future Crossrail station approximately 600m from the Site (2017/18)
• DLR at South Quay Station located approximately 220m east of the Site;
• DLR at Heron Quays Station located to the north of West India South Dock;
• Several bus services within approximately 300m (5 minutes walk) from the site.

Pricing?
Ballymore is now in the midst of looking for a JV partner.  So this project is not about to be launched anytime soon.  However, given the type of pricing seen in Dollar Bay, this one will surely be priced even higher.  Perhaps they hope to entice some rich Chinese developer to partner with them.

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Happy Investing!