Canada Water New Town Centre Gets Approval

British Land plc’s proposal to build a new town centre at Canada Water between Bermondsey and Rotherhithe in East London has received planning approval from Southwark Council.

The development, which has been designed to promote low carbon living, will cover 53 acres and provide 2m sq ft of work space potentially providing 20,000 jobs and 1m sq ft of retail and community space. There will be 3,000 new homes with 35% affordable, plus a new town square, high street and public park.

The project will take 15 years to complete but the first phase is due to be ready by 2024.

Chris Grigg, Chief Executive of British Land, said: “We have an incredible opportunity at Canada Water to create a vibrant neighbourhood for people to live, work and enjoy. We’re hugely excited about delivering this exceptional, mixed-use and sustainable landmark development, which has been designed to support people’s wellbeing. We thank the Council for all their hard-work and we look forward to continuing to work with them and the local community.”

Canada Water has seen extensive development since the 1980s, thanks largely to its location just 10-15 minutes by train or tube from central London and the City. This scheme seems likely to achieve what previous schemes have not always achieved and give the area its own sense of place.

Source British Land plc
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