The second phase of Oracle Residential’s £305m Canary Court development at the former Indescon Court site in Canary Wharf has been granted planning consent.
Indescon phase II will see two 32-storey towers being built at the 4.5-acre site on Millharbour by Oracle’s joint venture with Galliard Homes.
The phase will add an extra 546 flats to the development in the 95-metre high towers, as well as an apart-hotel and leisure and retail space.
First phase under way
The first phase, 362 homes in buildings up to 16 storeys high, is currently under construction. When it is finished the site, bought from Sir Robert Ogden in 2006 for £65m, will hold 910 residential units, hotel, and retail, leisure and office space.
Earlier this year Oracle secured £90m funding from the Royal Bank of Scotland for the first phase of development.