Development Finance in Canada Water
Canada Water represents one of London's most significant regeneration opportunities, with British Land's £4 billion masterplan set to create an entirely new urban quarter on 53 acres of former industrial and retail land. The scheme — centred on the old Surrey Quays shopping centre, the former Daily Mail printworks at Harmsworth Quays, and surrounding plots — will deliver up to 3,000 new homes, 2 million sq ft of workspace, a new high street, a town square, a leisure centre, and extensive public realm around the historic Canada Water dock. The area already benefits from the Jubilee line and London Overground connections, and the masterplan will knit together the previously disjointed townscape between Rotherhithe and Bermondsey. For developers, the regeneration creates a halo effect — properties in surrounding streets are seeing significant value uplift, and there are conversion and infill opportunities on sites not covered by the British Land scheme, particularly along Lower Road and Redriff Road.
Property Development in Canada Water
Canada Water is undergoing a transformative regeneration led by British Land's 53-acre masterplan on the former Surrey Quays shopping centre and Harmsworth Quays printworks site. The area is emerging as a new town centre for Rotherhithe and Bermondsey with thousands of new homes, workspace, and leisure facilities planned.
Canada Water at a Glance
Types of Developments We Fund in Canada Water
Planning Considerations in Canada Water
The Canada Water Area Action Plan and the approved masterplan outline consent provide a clear framework for development across the opportunity area. British Land's scheme has detailed consent for early phases, with reserved matters applications progressing. Surrounding sites are expected to align with the masterplan's design principles including active ground floor frontages, appropriate heights (up to 35 storeys in defined locations), and connectivity to the dock and public spaces. Affordable housing targets follow borough-wide policy at 35% with viability assessments.
Development Activity in Canada Water
British Land Canada Water Masterplan — 53-acre scheme delivering up to 3,000 homes, workspace, retail, leisure, and a new town centre. The first phase includes a 35-storey residential tower and a new park. Quebec Quarter by Barratt Homes — 366 homes on Quebec Way adjacent to the Jubilee line station. Marine Wharf East by Notting Hill Genesis — 249 waterside apartments on Plough Way overlooking Greenland Dock.
Transport & Connectivity
Canada Water Underground (Jubilee line — 4 minutes to Canary Wharf, 6 minutes to London Bridge). Surrey Quays station (London Overground). Bus routes 1, C10, 47, 188, 199, 381, P12. Water taxi from Greenland Pier to Canary Wharf. Good cycling routes along the riverside and through Russia Dock Woodland.
Development Finance for Canada Water Projects
We arrange competitive development finance for projects in Canada Water and across the SE16 postcode area. Our funding parameters include:
Development Finance in Canada Water — FAQ
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