British Land reaches key milestone in London redevelopment

British Land reaches key milestone in the redevelopment of Harmsworth Quays

The first step has been taken to allow the redevelopment of the 14.57 acre Harmsworth Quays printing works site in Canada Water, South East London, to go ahead.

Southwark Council has given its approval for the Daily Mail General Trust (DMGT) to assign its leasehold interest in the site to British Land.

The decision is a key milestone for the development which has the potential to deliver significant improvements to the local area and create new trade jobs.

Cllr Fiona Colley, Cabinet Member for Regeneration at Southwark Council, said: “In addition to new homes, the redevelopment of Harmsworth Quays has the potential to deliver the town centre and jobs that Rotherhithe really needs.”

British Land will now begin working up proposals in consultation with Southwark Council and the local community to realise the full potential of this important site. Vacant possession of the site will be available later this year following the relocation of DMGT’s printing operations to Thurrock.

Southwark Council, which is currently developing policy to guide the redevelopment, will be adopting a preferred option of its Area Action Plan in May for consultation. This will emphasise the council’s and community’s vision to create a mixed-use town centre at Canada Water.

Both Southwark Council and British Land have committed to exploring the potential to create a new campus for Kings College as part of the scheme, to complement their proposals for the adjoining site at the Mulberry Business Park.

Nigel Webb, Head of Development for British Land, said: “We are delighted that the London Borough of Southwark has agreed the assignment for Harmsworth Quays. We can now begin the process of working with the local community, the London Borough of Southwark and other key stakeholders to bring forward a new, mixed use development in the heart of Canada Water.”

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Posted on April 4, 2013, in Building Construction Industry, Building Engineering Sector, Business, Career change, Construction, construction jobs, construction news, Education, Employment, Government, Infrastructure, jobs, plumbing, plumbing jobs, Plumbing News, Politics, Property maintenance busines, t4ts, Technology, Trades, train4tradeskills, Train4TradeSkills Bright Sparks, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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