Commercial property firm British Land has proposed a masterplan for a 1 million sq ft retail and leisure space at London’s Canada Water area.
The submission of the planning application follows four years of close collaboration with Southwark Council and extensive consultation with the local community.
Alongside the overall masterplan the planning submission also includes a detailed planning application for the project’s first three buildings, which include workspace, homes and a new leisure centre.
The wider masterplan is expected to deliver up to 3,000 new homes, 2 million sq ft of workspace and 1 million sq ft of retail, leisure, entertainment and community space including proposed health and social infrastructure, and educational uses for all ages.
Roger Madelin, head of Canada Water Development at British Land, said: “Submission of our planning application for the Canada Water Masterplan marks an important milestone in the delivery of this project.
“Drawing on our experience of creating vibrant, mixed-use places across the capital, this major urban centre at Canada Water will provide an exciting place to live, work and visit, delivering high quality design, active spaces and significant economic and social benefits for the local community.”
Cllr Peter John, leader of Southwark Council, added: “It is fantastic to see this project moving forward. British Land have done great work to consult and engage with local people and the resulting Masterplan will deliver what local people want to see, including a guaranteed 35% affordable housing split 70% social rent and 30% shared ownership in the first phase, new retail spaces and job opportunities, education and health facilities and a brand new leisure centre.”