British Land has submitted a planning application to redevelop a 53-acre site at Canada Water, which includes the Surrey Quays shopping centre. According to the masterplan, the property group wants to create a new town centre and include 3,000 homes. The plans are also expected to deliver 2m sq ft of workspace and 1m sq ft of leisure and retail space. Work will begin next year with the project expected to be completed in 2033; the development’s first phase will provide around 650 homes. Later phases include a 45-storey residential tower and the refurbishment of the 119,000 sq ft printing plant into a events centre with 5,000-capacity.
Financial Times (14/05/2018) Property Week (14/05/2018)