Property developer plans 23-storey tower in fight for News International tenancy

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The race to secure the lucrative deal to provide News International’s next permanent home has entered a new phase – the Canary Wharf Group has submitted a new bid to Tower Hamlets council for a 23-story tower in London’s Docklands.

Property Week reports that the publisher, part of Rupert Murdoch’s global News Corp media empire, has listed the development on a shortlist of three. The building, which in the revises plans will be 130 metres high, could have space for 4,000 staff.

Others in the running include Watermark Place, near Fishmonger’s Hall in London’s Square Mile financial district, run by UBS and Oxford Properties Groups.

Another is the St Botulph’s development near Aldgate in East London, developed by Minerva.

NI, which publishes The Sun, News of the World, Sunday Times and the Times as well as thelondonpaper, Times Literary Supplement and several customer publishing titles, is expected to leave is Wapping headquarters at point this year or early 2009.

Buyers are queuing up to buy the vast Wapping site, according to Proprty Week, with several fund and developers not deterred by the £200m price tag.

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