Posts tagged Canada Water

British Land reaches key milestone in London redevelopment

British Land reaches key milestone in the redevelopment of Harmsworth Quays

The first step has been taken to allow the redevelopment of the 14.57 acre Harmsworth Quays printing works site in Canada Water, South East London, to go ahead.

Southwark Council has given its approval for the Daily Mail General Trust (DMGT) to assign its leasehold interest in the site to British Land.

The decision is a key milestone for the development which has the potential to deliver significant improvements to the local area and create new trade jobs.

Cllr Fiona Colley, Cabinet Member for Regeneration at Southwark Council, said: “In addition to new homes, the redevelopment of Harmsworth Quays has the potential to deliver the town centre and jobs that Rotherhithe really needs.”

British Land will now begin working up proposals in consultation with Southwark Council and the local community to realise the full potential of this important site. Vacant possession of the site will be available later this year following the relocation of DMGT’s printing operations to Thurrock.

Southwark Council, which is currently developing policy to guide the redevelopment, will be adopting a preferred option of its Area Action Plan in May for consultation. This will emphasise the council’s and community’s vision to create a mixed-use town centre at Canada Water.

Both Southwark Council and British Land have committed to exploring the potential to create a new campus for Kings College as part of the scheme, to complement their proposals for the adjoining site at the Mulberry Business Park.

Nigel Webb, Head of Development for British Land, said: “We are delighted that the London Borough of Southwark has agreed the assignment for Harmsworth Quays. We can now begin the process of working with the local community, the London Borough of Southwark and other key stakeholders to bring forward a new, mixed use development in the heart of Canada Water.”

Green Light for Building Construction Work in South London

Planning permission has been granted to develop a 111,000 sq.ft. extension to a shopping complex in South London, the Construction Enquirer reported today.

The joint venture between British Land and Tesco is also going to refurbish an existing 309,000 sq. ft. shopping centre at Canada Water, Rotherhithe Peninsula. The renovation, which is part of the £30 million investment plan for the area, will improve existing facilities and is expected to create new jobs.

The Construction Enquirer reported that improvements worth up to £4 million will be carried out around the centre. These are expected to improve connexions between Surrey Quays station and Canada Water tube and bus station, it was revealed.

Retail Development Manager at British Land, David Pollock, welcomed the extension of the shopping centre and emphasised the importance of the wider regeneration plan for area of Surrey Quays.

Mr Pollock said: “The extension and refurbishment will create additional space that will allow us to attract and accommodate new and exciting retailers, ensuring that Surrey Quays remains competitive in today’s market.”

Mr Pollock commented that the shopping experience in the area will be significantly improved for both existing and new customers

Construction work will start in spring 2013 and is expected to be completed by the summer of 2014.

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