£3.3bn Canada Water regeneration scheme approved

Property giant British Land has been given planning permission for a £3.3bn project to create a new town centre in Canada Water, just across the Thames from Canary Wharf. Southwark Council approved the plans, which include 3,000 homes and will accommodate 20,000 jobs across a 53-acre site that includes a shopping centre, leisure park, the Printworks event venue and the former Dock Offices courtyard. Around 35% of the new homes will be considered affordable or for social rent. The project is expected to take 15 years to complete, with construction anticipated to start in the middle of next year. The scheme’s first phase includes a 34-storey tower.

Financial Times (01/10/2019)   The Times (01/10/2019)   City AM (01/10/2019)