The creation of a new town centre at London's Canada Water has passed a key milestone with Southwark Council Planning Committee granting planning permission for British Land's masterplan.
G&T is providing Cost Management services on the 53-acre mixed-use scheme which will deliver 2m sq ft of workspace, 1m sq ft of retail, leisure, entertainment, education and community space as well as 3,000 new homes - 35% of which will be affordable. The site includes Surrey Quays Shopping Centre, Surrey Quays Leisure Park, the Printworks and the former Dock Offices courtyard.
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.
"We're hugely excited about delivering this exceptional, mixed-use and sustainable landmark development, which has been designed to support people's wellbeing."
Chris Grigg, Chief Executive of British Land
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."
The resolution to grant planning permission follows five years of extensive consultation and engagement with the local community and a partnership with Southwark Council, who entered into a conditional Master Development Agreement with British Land last year.
The development will bring significant benefits to the local economy and the community, including new homes, generating jobs, supporting local businesses and independent retailers. Space has also been allocated for the delivery of a health facility and a new police hub.
As well as 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, a leisure centre, new public spaces, 330,000 sq ft workspace and around 2,300 jobs which could be delivered by 2024.
British Land expects the whole masterplan to take around 15 years to deliver.