26 May 2022

Canada Water Unveil New London Regeneration Scheme

Canada Water Unveil New London Regeneration Scheme

Canada Water'has unveiled a new 53-acre London regeneration scheme, which will deliver up to 3,000 new net-zero homes, and leisure, cultural and education facilities.

The'Canada Water regeneration scheme'will be located in the heart of London, at the intersection of the Jubilee and Overground lines, just an 11-minute tube ride from the West End, 9-minute overground ride to Shoreditch and a short tube, bus, bike or walk to the City.

A place where businesses can grow and people will put down roots

Emma Cariaga, joint head of Canada Water, British Land, commented: '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 you'll know your neighbours and feel part of a real community, 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.'

Net zero neighbourhood by 2030

Canada Water are aiming to achieve their plans in the most sustainable way, and will be a'net zero neighbourhood by 2030.

'A vibrant, diverse neighbourhood'

Councillor 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.

'Thanks to ongoing collaboration with the local community, we are bringing forward a vibrant, diverse neighbourhood with a strong connection to the area's rich heritage.

'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 new Canada Water regeneration scheme is being brought to life'through a 50:50 joint venture between British Land and AustralianSuper, Australia's biggest profit-to-member pension fund.

The joint-venture was announced in March 2022, and has resulted in additional funding to progress the regeneration scheme.

Phase 1 of the masterplan is already under construction and is expected to be complete in Q3 2024.

Source: PBC Today'

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