Developer British Land and supermarket chain Tesco have announced plans for a major extension to the Surrey Quays Shopping Centre at Canada Water.
A joint venture between the two firms, Surrey Quays Limited, has submitted the plans for a 9,290sq metres development along with a refurbishment of the existing facility.
The new extension will provide 18 new shops and restaurants, plus space for outdoor dining.
Richard Wise, Head of Retail Development for British Land, said: "These plans demonstrate our continued commitment to Surrey Quays Shopping Centre, the wider Canada Water regeneration and Rotherhithe.”
He added that the plans would see £3 million of improvements made to the public spaces around the centre and connections to Surrey Quays and Canada Water tube and bus stations.
A three month public exhibition which took place between September and November has informed the proposals.
The planning application represents the first phase of an illustrative masterplan that has been prepared for the whole of the shopping centre site.
Future phases of the masterplan will introduce a mix of uses, including residential, commercial and further retail development. The masterplan will be brought forward over the next 10 to 15 years in response to market opportunities.
Surrey Quays Shopping Centre is anchored by Tesco Extra and also comprises 50 major high street retailers including Bhs, River Island, New Look, JD, Boots, Burtons, Dorothy Perkins and Mothercare.
Southwark Council has bought Courage Yard on Shad Thames, near Tower Bridge, which it will redevelop to generate income for frontline services.