British Land has signed a master development agreement with freeholder Southwark Council for the 53-acre Canada Water scheme and submitted a detailed planning application for 285 000 sq ft of office, retail and leisure space and 270 homes, 35% of which would be affordable.
Work on the first three buildings on the £4bn development will start next Spring. A 500-year lease has been signed covering the entire town centre site, south over the Thames from Canary Wharf.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts