Planning permission has been granted to bring the vision of the £4bn Canada Water Masterplan into reality with a new town centre, thousands of homes and jobs.
Southwark Council’s planning committee helped progress the mixed-use scheme to the next stage at a meeting at the end of September. The development will provide workspace for around 20,000 jobs, retail, leisure and entertainment space and around 3,000 new homes - of which 35% will be affordable.
The buildings will be supporting low carbon living and the projects will include 12 acres of new open space including a 3.5-acre park, a town square, as well as the first new high street in London for 100 years and 16 new streets.
Planning permission was granted for the British Land Masterplan after five years of extensive consultation and engagement with the community. A partnership was created last year between Southwark Council and British Land after they entered into a Master Development Agreement.
Chris Grigg, chief executive of British Land, said: “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.”
As well as new homes, jobs, retail and leisure facilities there will also be a health facility and a police hub.
Southwark Council leader, Councillor Peter John, said: “The Masterplan provides the blueprint for an exciting new town centre that will provide thousands of new homes, particularly hundreds of new social rent homes, new jobs and opportunities, new open spaces and a brand-new leisure centre for Rotherhithe in the first phase of the work.
“We look forward to working with British Land over the next few years to bring forward the plans and making sure our local residents are the beneficiaries of the opportunities the regeneration will provide, as laid out in the Canada Water Social Regeneration Charter.”
Apart from the outline masterplan, the planning permission also covers the delivery of the first three new buildings in the overall masterplan. These buildings include 265 new homes, 330,000sq ft workspace, a leisure centre, new public spaces and 2,300 jobs which could be created by 2024.
Building A1 will provide both residential and workspace, while building A2 will be focused on workspace and a new leisure centre, with both buildings providing a small amount of retail on the ground floor. K1 is the third building that will be entirely residential.
The 53-acre site includes Surrey Quays Shopping Centre, Surrey Quays Leisure Park, the Printworks and the former Dock Offices courtyard, and it is expected to take around 15 years to deliver the entire Masterplan.
Southwark Council has given the go-ahead for the compulsory purchase of Elephant and Castle shopping centre which is due to be redeveloped…