British Land today (5 February) unveiled its masterplan for around 650,500sq m of development in Canada Water.
Proposals for the site were unveiled for the general public to view as part of its public consultation. The plans include 185,800sq m of offices, 46,500sq m of retail and 3,500 homes, according to publication Property Week.
It said: “The developer, in partnership with Southwark Council, which owns the freehold to around two-thirds of the site, is aiming for the area to become one of London’s most important new districts to rival that of King’s Cross.
“The commercial element of the scheme will be concentrated on the west of the site, close to Canada Water and Surrey Quays stations, whilst the retail and leisure aspect will see a new high street run from Canada Water station to the existing parade at Lower Road in the south west.
“The residential element of the masterplan will predominantly be focused on the eastern portion of the site by the former Daily Mail printworks.”
Southwark Council has given the go-ahead for the compulsory purchase of Elephant and Castle shopping centre which is due to be redeveloped…