British Land enters resi market with Canada Water project

British Land is making its first foray in the residential market, with the launch of 186 "net-zero" apartments at its new regeneration project at Canada Water. A mix of studio, one-, two-, and three-bedroom homes, The Founding will also see the creation of 12 acres of new open space, including a 3.5-acre park, a new town square, and the first new high street in London for 100 years. British Land said that the project will be a net-zero neighbourhood by 2030, using an “all-electric energy strategy” which uses 100% renewable electricity. Phase one of the scheme is  expected to be completed in the third quarter of 2024, with prices for homes starting at £696,000. The centrepiece of the new district will be the building currently known as the Printworks. The distinctive, boxy structure, formerly known as Harmsworth Quays, was once owned by the Daily Mail and housed the newspaper’s printing press, before its more recent rejuvenation into a 5,000 capacity night club and event space. It is to be transformed again into a cultural venue, where drama and dance performances can be held, while the other part will be turned into an office, intended to become a company headquarters.

City AM (27/02/2023)   The Guardian (01/03/2023)