Barratt's have put out a notice saying Surrey Quays Rd will be closed for a week from 25 March so they can remove the two tower cranes from Canada Water site A.
I don't know, but the same question has been asked on this thread:When will the Heygate finally start to be demolished? Looking at the pictures of the sad fire in the Cumin museum today a big Heygate block is visible. How long has it been empty now?!
Interesting! It sort of implies that Tesco's store is up for redevelopment.Tesco hands dockland Quays to British Land
Sale of share in Surrey Quays mall paves way for wholesale redevelopment
British Land is gearing up for a vast redevelopment of Canada Water in London’s Docklands, after taking control of the Surrey Quays Shopping Centre.
Property Week can reveal that the REIT has bought out Tesco, its 50:50 joint venture partner at the 309,000 sq ft mall at Canada Water, for a price thought to be around £50m.
With full control of the Tesco Extra and BHS-anchored scheme, British Land is now free to forge ahead with its plans for a significant retail and residential development in the Southwark borough.
In May last year British Land and Tesco won planning consent for a £34m extension of 110,000 sq ft of retail space at the Surrey Quays Shopping Centre (pictured). As sole owner British Land is now expected to start this development early next year.
In June last year Property Week also revealed that the REIT had bought the 14.5 acre former Daily Mail printing works at Harmsworth Quays, next to Surrey Quays Shopping Centre, for around £50m. The site is understood to have the potential to be redeveloped into around 1,000 homes and can now be seamlessly linked into the redevelopment of the mall.
British Land will take possession of Harmsworth Quays towards the end of this year. Earlier this month the council agreed to allow Daily Mail-owner Associated Newspapers to transfer its leases to British Land, which is now believed to be working up a masterplan that it will reveal later this year.
The purchase of the half-share of Surrey Quays is British Land’s first deal since the £494m share placing it revealed earlier this month.
Announcing the issue, British Land said it would seek to use the capital to invest in assets in London and the south-east that offered “accretive opportunities”.
British Land gained its initial 50% stake in the mall in December 2009, after buying out Segro. The Tesco Extra store and filling station provides around 50% of the income on the scheme.
The proposed extension will sit in front of the existing entrances to the shopping centre and provide 18 shops and restaurants, as well as four kiosks. A comprehensive refurbishment of the existing mall will also be undertaken.
All parties declined to comment.
T^^Wow, I didn't see that coming.
If I remember rightly, the existing plans for extending and refurbishing the mall have planning permission but the consent is being judicially reviewed. Speculating wildly here, but I wonder if Tesco are anticipating that SBC will lose the JR, but don't want to go back to the drawing board, whereas BL (which is investing in the area generally) is up for it. If so then I'd expect significant further delay, which is unfortunate, but potentially a more ambitious and expensive scheme.
I doubt Tesco would actually close their store, which is very successful - but they are presumably giving up their effective veto on a competing grocery store opening up in the same mall, which doesn't seem likely in any event.
In other news, the Standard's Homes & Property section, which recently did a piece on Rotherhithe, has a similar one on Deptford today - gentrifying fast to some people's comfort and others' alarm, staying vaguely funky, New Capital Quay with a Waitrose, blah blah.
This is an example of the new build 'traditional' style: http://www.flickr.com/photos/se9/8613984766/Those traditional looking things at Royal Arsenal - are some of them actually new builds?