Far East Consortium International has acquired Ensign House in Canary Wharf, London, for £28.25 million ($36.65 million).
Chris Hoong, the managing director of FEC, said, “We are very delighted with this acquisition, which will significantly strengthen FEC’s development presence in Canary Wharf. Residential demand in South Quay is thriving and we’re looking forward to continuing to work with Tower Hamlets to deliver a highly desirable place to live.”
Located on the north side of Marsh Wall, the 4,572 square meter (49,212 square-foot) site sits adjacent to Consort Place, which is a property development owned by FEC consisting of 634-residential unit and 231-room hotel development with a targeted completion in 2023. The site currently comprises an office building with a surface car park, which will be demolished and replaced with a residentially-led mixed-use development. Ensign House benefits from excellent connectivity, located at an approximate five-minute wa
