[1] The Wood Wharf Business Park was sold by British Waterways to a joint partnership in the financial year 2007–08.

The Canal & River Trust is the freeholder of the main 20 acres (81,000 m2) site following the transfer of all the assets of British Waterways in 2012.

On 8 October 2008, Tower Hamlets Strategic Development Committee voted unanimously to grant approval for the application.

[14][15] Under the agreement Canary Wharf Group has been a granted a new 250-year lease from British Waterways with ground rent payable which will grow to £6m per annum.

[2][16] In September 2012, Terry Farrell was appointed to replace Rogers Stirk Harbour + Partners in leading the development of the masterplanning.

[17] In January 2013, Herzog & de Meuron, Allies and Morrison and Stanton Williams were appointed as architects for various elements of the scheme.

[18] In December 2013, a new masterplan was submitted to Tower Hamlets by Canary Wharf Group, which placed greater emphases on residential uses compared to the previous plans.