Developers to partner on £90m Canary Wharf residential tower

 
Kasmira Jefford
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RESIDENTIAL developers One Housing Group and Mount Anvil have joined forces to create 121 new homes at Dollar Bay, a new 31-storey tower in Canary Wharf.

Mount Anvil said yesterday that it had bought the site from rival developer Londonewcastle on Friday via its recently formed joint venture with Ares Management.

The £90m waterfront scheme on the Isle of Dogs will create 111 flats for private sale and 10 for shared ownership. Flats will range from studios to three bedroom homes, with prices starting from £425,000.

One Housing Group will then use part of its share of the profit to build around 110 affordable homes on nearby Thomas Road.

Mount Anvil chief executive Killian Hurley said: “The landmark Dollar Bay will provide high-quality, much needed homes in one of the most iconic parts of London. We are excited about bringing it to life.”

They are latest developers to be pushing ahead with a residential scheme in the office district after Canary Wharf Group won planning consent for its 58-storey Newfoundland tower last month.