Plans for a major waterside development at the London’s Canary Wharf estate was granted outline planning consent by Tower Hamlets council last night.

Wood Wharf Partnership, a joint venture between Canary Wharf Group, British Waterways and Ballymore Group, were granted consent for a mixed-use scheme at the 17 acre site comprising 4.9m sq ft of offices and 1,668 homes. It will also include retail and leisure space, a hotel, and a community park.

It was designed by architects Rogers, Stirk, Harbour + Partners with landscape architects Martha Schwartz Partners. There will be six commercial buildings and six residential buildings including 35% affording housing.

Wood Wharf is expected to create 25,000 new jobs, of which it is estimated that around 5,000 will be taken by local people.

The scheme will include a £50m section 106 agreement and a £100m financial contribution towards the Crossrail project.

Jason Larkin, Wood Wharf Partnership’s planning director, said: ‘The redevelopment of Wood Wharf will create one of the world’s finest urban waterfront quarters. The creation of jobs, homes, and investment in community infrastructure will make this one of the largest and most important regeneration projects in London and provide huge benefits to the London Borough of Tower Hamlets.'

The redevelopment of Wood Wharf will take place over the next 10 to 15 years in four development phases. A reserved matters applications for phase one will be submitted during 2009.

GVA Grimley is planning adviser.