Decision on £3bn London Canada Water scheme in July

Property developer British Land is hoping for a planning decision in July on its 5.5m sq ft Canada Water scheme in London.

The vast mixed-use scheme, on the south side of the Thames in Rotherhithe, ranks as the London developer’s most ambitious scheme over the next 10 years.

This morning the developer said the vast scheme was set to go before Southwark council planners in the summer.

This will involve a detailed application for the first three buildings totalling 576,000 sq ft and outline planning for the 1.8m sq ft first phase with a development value of £700m.

The first three buildings will provide 265 homes, with around 35% affordable.

Building A1 will provide both residential and workspace, building A2 will be focused on workspace and a new leisure centre, and the third known as K1 will be wholly residential.

Chris Grigg, Chief Executive said: “Our plans envisage the development of a new urban centre for London, including commercial, office and community space as well as around 3,000 new homes, so will represent a core part of our plan to grow scale in residential.”

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