Plans for a new £4 billion mixed-use development in London’s Canada Water have been submitted, potentially bringing a major new retail presence to the area.
British Land has reportedly signed a master development agreement with Southwark Council for a huge 53 acre scheme.
Plans for the wider scheme include 1 million sq ft of retail and leisure space, alongside 3000 homes and 2 million sq ft of work space.
Detailed plans for the first three buildings have been submitted for planning permission, including 285,000sq ft of retail, leisure and office space.
If they are given the green light construction could start as early as 2019.
“Submission of our application for the Canada Water Masterplan marks an important milestone in the delivery of this project,” British Land head of Canada Water Development Roger Madelin said.
“This major urban centre at Canada Water will provide an exciting place to live, work and visit, delivering high quality design, active spaces and significant economic and social benefits for the local community.
“We will put health and wellbeing at the heart of our plans to ensure the buildings and spaces we create encourage and support healthy lives.”