The 53-acre Canada Water masterplan will deliver up to 3,000 new net zero homes, office space for an estimated 20,000 workers and up to one million sq ft of leisure, cultural and education facilities on a 53-acre site in London.
The masterplan will add 12 acres of new parks and squares for the local community and visitors, as well as green corridors linking everything together.
Emma Cariaga, Joint Head of Canada Water at British Land, said: “We have an incredible opportunity at Canada Water. The chance to reimagine an entire town centre – in the heart of London, surrounded by parks and waterways – comes once in a lifetime.
“A truly unique place, Canada Water is central, but has a local, leafy feel. It is the sort of place where businesses can grow and where people will put down roots. A diverse area that is already home to people from all walks of life, the development will not only preserve but enhance all of the local history, character and biodiversity that’s already here.
“Canada Water will be the perfect place for people that want to live and work in green, healthy spaces with a real sense of community within walking distance of a range of amenities – themes that have become increasingly important since the pandemic.”
Canada Water will be a net zero neighbourhood by 2030, delivered through materials innovation and a ‘sustainability first’ approach to all elements of design and construction.
Cllr Helen Dennis, cabinet member for climate emergency and sustainable development at Southwark Council, said: “We are seizing the unique opportunity to transform a historic London docklands location into a distinctive, new waterside town centre in partnership with British Land and AustralianSuper.
“With easy links to central London and all that Southwark offers, Canada Water will have something for everyone. From thousands of new homes, particularly hundreds of much-needed social rent homes, to new shops, offices, open spaces and a brand-new public leisure centre.
“We recently approved planning for a 1.5 million sq ft commercial scheme at Canada Water Dockside that will further strengthen our exciting plans with British Land to create a thriving business destination and new town centre for Southwark and London alike.”
The masterplan is being brought to life through a 50:50 joint venture between British Land and AustralianSuper. The joint-venture, which was announced in March 2022, has resulted in additional funding to progress the major regeneration scheme. Phase 1 of the masterplan is already under construction and is expected to be complete in Q3 2024.
