Gaw adds 55-storey skyscraper at Harbour Exchange

Gaw Capital is preparing plans for a 55-storey residential skyscraper at its Harbour Exchange development site in Docklands, E14. The investor, founded by Hong Kong businessman Goodwin Gaw, will seek to develop 500 homes in a single tower on the one-acre site at 4-5 Harbour Exchange. Gaw bought the land for £36.2m from Clearbell Capital in 2018. The site on Marsh Wall currently holds two office buildings spanning 95,000 sq ft. It sits within the larger 1m sq ft Harbour Exchange office estate in Docklands, with a number of mid- to high-rise office towers adjacent. Gaw has lodged an environmental impact assessment scoping request for the residential development with Tower Hamlets Council. Initial plans include 24,000 sq ft of flexible floorspace to come forward as retail, food and beverage, wellness or creative uses, and a further 21,500 sq ft of play space and 10,700 sq ft of residential amenity space. Gaw Capital UK was established in 2014. The company had assets of more than $1bn (£742m) across seven projects at the end of 2020. The developer’s move to introduce residential to the Docklands site follows similar strategies from other developers in the area. Earlier this year, Canary Wharf Group ditched plans for a 1m sq ft office development in favour of a 60-storey build-to-rent scheme at Park Place, as part of a 2,000-home drive. Other plans for high-rise BTR, student and residential accommodation are also being brought forward by Tide Construction, Far East Consortium and Ballymore. To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews