A step forwards at Canada Water:
Barratt Homes selected for Canada Water project - property development finance
A £1.5 billion regeneration scheme that will involve considerable amounts of Property Development Finance and other inwards investment is a step close to beginning after British Land and Southwark Council announced that they have chosen Barratt Homes to help develop the initial part of the scheme.
A new town centre focused on the Canada Water area will see around 900 homes built as well as retail areas, Builder and Engineer has reported.
Almost 3,000 homes as well as offices and leisure facilities will eventually be constructed as part of the overall plan to revamp part of the Docklands area.
"We are on track to deliver the first of the detailed applications early next year […] the delivery of this existing mixed use scheme has taken a major step forward," said British Land Canada Quays chairman David Taylor.
"Canada Water has the potential to transform Rotherhithe, and Barratt wants to work with local people to make it happen," added Barratt East London and Thames Gateway managing director Alastair Baird.
In related news, British Land and Southwark Council have launched a scheme aimed at listening to the views of teenage residents with regards to future developments.
Also at http://www.builderandengineer.co.uk/news/contracts/barratt-chosen-for-southwark-scheme-722.html
Barratt chosen for Southwark scheme
Wednesday, 12 September 2007
Southwark Council and it developer partner British Land Canada Quays have chosen Barratt Homes to develop the first phase of the scheme to create a new town centre in South London.
The housebuilder will develop approximately 900 homes, which will be built to high eco-standards and quality design centred around a new civic plaza and retail.
Overall the Masterplan will include 2,800 homes, a library, leisure facilities, offices, retail and new public spaces located around the Canada Water dock.
David Taylor, chairman of BL Canada Quays, said: "We are delighted to welcome Barratt Homes as our partner for the first stage of the project. We are on track to deliver the first of the detailed applications early next year. We will work closely with Barratts to ensure that this major regeneration scheme delivers opportunities and amenities to the local community. The delivery of this existing mixed use scheme has taken a major step forward."
Alastair Baird, managing director of Barratt East London and Thames Gateway, said: "We are totally committed to regenerating brownfield sites and using high quality design to deliver new communities across London. We will be working closely with Southwark Council, BL Canada Quays and the local community in bringing forward a development of the highest quality. Canada Water has the potential to transform Rotherhithe, and Barratt wants to work with local people to make it happen."
Barratt Homes have appointed PKS Architects who will be working closely with BL Canada Quays and Southwark Council to prepare detailed planning applications for the initial stage to provide some 250 mixed tenure new homes. It is expected be considered by Southwark Council's planning committee in early 2008.