Canada Water has unveiled a new 53-acre London refurbishment plan that will deliver up to 3,000 new net-zero homes and leisure, cultural and educational facilities
The Canada Water regeneration program takes place in the heart of London, at the junction of the Jubilee and Overground lines, just 11 minutes by tube from the West End, 9 minutes by tube to Shoreditch and a short tube, bus -, bike or walk to the city.
A place where companies can grow and where people take root
Emma Cariaga, joint head of Canada Water, British Land, commented: “We have an incredible opportunity at Canada Water. The opportunity to reimagine an entire city center – in the heart of London, surrounded by parks and waterways – is coming. only once in your life.
“A truly unique place, Canada Water is central, but has a local, green feel. It’s the kind of place where you know your neighbors and feel part of a real community, where businesses can grow and people take root.
“A diverse area already home to people from all walks of life, the development will not only preserve but enhance the local history, character and biodiversity already here.
“Canada Water will be the perfect place for people 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.”
Just zero neighborhood in 2030
Canada Water aims to realize their plans in the most sustainable way and will be a net zero neighborhood by 2030.
‘A vibrant, diverse neighbourhood’
Councilor Helen Dennis, cabinet minister for climate emergency and sustainable development at Southwark Council, said: “We are seizing the unique opportunity to transform a historic site in London’s Harbor into a distinctive new waterfront city center in partnership with British Country and Australian Super.
“With easy connections to central London and all that Southwark has to offer, Canada Water has something for everyone. From thousands of new homes, especially hundreds of much-needed social rental properties, to new shops, offices, open spaces and a brand new public recreation center.
“Through ongoing partnerships with the local community, we bring out a vibrant, diverse neighborhood with a strong connection to the area’s rich heritage.
“We recently approved planning for a 1.5 million square foot commercial plan on Canada Water Dockside, which will further enhance our exciting plans with British Land to become a thriving business destination and new city center for both Southwark and London. to create.”
The new Canada Water regeneration program is being brought to life through a 50:50 joint venture between British Land and AustralianSuper, the largest pension fund that makes a profit from participants.
The joint venture was announced in March 2022 and has resulted in additional funding to drive the regeneration scheme forward.
Phase 1 of the master plan is already under construction and is expected to be completed in Q3 2024.