Southwark Council approves plans for Canada Water

The creation of a new town centre at Canada Water in London passed a key milestone last night as Southwark Council Planning Committee resolved to grant planning permission for British Land’s masterplan, in line with their officer’s recommendation.

The Canada Water Masterplan is a 53-acre, mixed-use scheme that will deliver:

–  around two million sq. ft. of workspace to accommodate around 20,000 jobs;

–   around one million sq. ft. of retail, leisure, entertainment, education and community space; and

– around 3,000 new homes, of which 35% will be affordable.

With wellbeing embedded into the masterplan, and buildings to support low carbon living, the project will also create 12 acres of new open space, including a 3.5-acre park, a new Town Square, the first new high street in London for 100 years and 16 new streets.

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.”