British Land has submitted an outline planning application for the Canada Water Masterplan, one of major development projects which will create a new urban centre for London.
British Land has also signed a Master Development Agreement with Southwark Council.
The planning application is a result of British Land’s four years of collaboration with Southwark Council and extensive consultation with the local community.
The planning submission includes a detailed planning application for the first three buildings of the project – workspace, homes (of which 35% will be affordable) and a leisure centre.
The three buildings are part of the first phase of the development covering 1.8 million ft² of mixed-use space, comprising one million ft² of workspace, 250,000ft² of retail and leisure space and 650 homes.
Construction of the first buildings will begin in spring 2019, subject to planning approvals.
The Masterplan is expected to deliver up to 3,000 new homes, two million ft² of workspace and one million ft² of retail, leisure, entertainment and community space, including health and social infrastructure, and educational uses for all ages.
British Land Canada Water Development head Roger Madelin said: “Submission of our planning application for the Canada Water Masterplan marks an important milestone in the delivery of this project.
“We have worked closely with Southwark Council and the local community of Canada Water to achieve this important first step, and will continue to work with them to deliver a low carbon, energy-efficient neighbourhood.
“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.”
The 53-acre site consists of Surrey Quays Shopping and Leisure, SE16 Printworks, Dock Offices and the former Rotherhithe Police Station.
The Masterplan proposes a mix of uses and innovative public spaces designed for a range of ages, incomes and life stages.
On completion, the Masterplan will provide nearly 20,000 jobs.
A decision on the planning application is expected by the end of 2018.