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14/05/2018

British Land and Southwark Council set to develop Canada Water

Canada Water

Southwark Council has entered into a master development agreement with British Land to deliver 3,000 new homes to Canada Water, 35 per cent of which would be affordable. 

British Land and Southwark Council have submitted an outline planning application for the Canada Water masterplan, which will create a new urban centre for London.

The submission of a planning application follows four years of collaboration with Southwark Council and consultation with the local community.

The submission includes a detailed planning application for the project’s first three buildings, which include workspace, homes, and a new leisure centre. Subject to planning approvals, construction of the first buildings could begin in spring 2019.

The masterplan is expected to deliver up to 3,000 new homes, two million square feet of workspace and one million square feet of retail, leisure, entertainment and community space including proposed health and social infrastructure, and educational uses for all ages.

Peter John, leader of Southwark Council, said: “It is fantastic to see this project moving forward.“

He added: “The resulting masterplan will deliver what local people want to see, including a guaranteed 35 per cent affordable housing split 70 per cent social rent and 30 per cent shared ownership in the first phase, new retail spaces and job opportunities, education and health facilities and a brand new leisure centre.”

The masterplan envisages a mix of uses and public spaces designed for a range of ages, incomes and life stages. The buildings, set around water and green public spaces, aim to create create a vibrant destination where people can live, work and be entertained throughout the day and into the evening.

On completion, the masterplan will provide for approximately 20,000 jobs, with thousands of people working on site during construction, including apprenticeships and training. A decision on the planning application is expected by the end of the year.

Image credit | Shutterstock 

 

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