The Canada Water Masterplan, one of the capital’s largest regeneration projects, aims to repurpose some of the area’s larger commercial spaces to build a number of valuable community assets. These proposed developments include a major town centre with additional retail spaces, new homes as well as community and entertainment facilities.
The Masterplan is a project spearheaded by British Land, who has been working closely with Southwark Council and its residents to bring high-quality commercial and residential developments to SE16 to further enhance the area. The team is being led by Allies & Morrison architects and Townshend landscaping as well as a wide range of consultants to help cover the large scope of the plan.
Since British Land began to host exhibitions for the public in spring 2014, the Masterplan has received multiple rounds of feedback from the community to help inform its direction and will continue to do so throughout 2016. Brisith Land has recently released the comprehensive feedback report from all event attendees and those that submitted their comments following plan progression. The full report which was released on 16 June 2016 can be found as a PDF here.
The main commercial spaces of Canada Water to be repurposed are the SE16 Printworks site, Seven Islands Leisure Park and Surrey Quays Shopping Centre. The plan currently includes a pedestrianised town centre, green spaces such as a 3.5-acre park, community facilities a new leisure centre and a range of mixed-use buildings from 6 to 50 storeys which are projected to be delivered over a 15 year period. All aspects of the design are promised to convey the unique, natural characteristics of Canada Water in their design.
Click here for a video of an interactive model which helps show the extent of the plans in more detail.
The area around Canada Water has witnessed multiple new developments in recent years including the modern public library, public plaza and many new residential developments by the nation’s most reputable property developers. One of our landlords commented about the activity in the area saying, "Canada Water has seen a great ride with its advancements so far. As long as they continue down the same path to provide its residents with more cafes, restaurants and leisure centres, it will only be positive for the area."
The Masterplan will be submitted to Southwark Council towards the beginning of 2017 with construction anticipated to start in 2017-2018.
To learn more, please visit http://canadawatermasterplan.com or refer to the Canada Water Masterplan FAQ page.