British Land has been recommended by Southwark Council officers to develop the ÃÂ£1bn mixed-use scheme at Canada Water, one of LondonÃ¢â¬â¢s largest projects. The councilÃ¢â¬â¢s executive committee is due to meet on Tuesday to discuss the officersÃ¢â¬â¢ report, which recommends British LandÃ¢â¬â¢s proposals ahead of those from Allied London and a joint venture between Urban Catalyst and Multiplex.
The recommendation was made in a report published by the councilÃ¢â¬â¢s Strategy Director, Paul Evans, which only makes reference to a Ã¢â¬ËTeam AÃ¢â¬â¢ as its choice. However, sources close to the project have confirmed that Team A is in fact British Land.
Working alongside David Taylor, formerly Chief Executive of English Partnerships, British Land proposes a scheme comprising 100,000 sq ft of office space, 100,000 sq ft of retail and 2,000 new homes.
The report reveals that British Land and Taylor won on the basis of quality and the financial strength of their bid. They are praised for Ã¢â¬Åproviding confidence and much-needed clarity to the complex process of achieving a quality environment for Canada Water.Ã¢â¬Â
Allied LondonÃ¢â¬â¢s rival scheme comprises 299,239 sq ft of retail and leisure space, 49,514 sq ft of offices, 1,170 homes, a theatre, library, health centre and 1,650 parking spaces.
Meanwhile, Urban Catalyst and MultiplexÃ¢â¬â¢s proposals envisage a leisure centre, youth club and Ã¢â¬Ëlifestyle centre´, plus offices, retail and leisure space and new homes, ultimately providing more than 1.25m sq ft of new development.
The report also mentions a second-placed Team B, which it says has only operated in the UK for two years but has a strong record in Australasia. Judging by the reference, Team B is the Perth-based Multiplex, which was favoured by the councilÃ¢â¬â¢s professional team, including GVA Grimley, and a MORI poll on the competition.
An outline planning application for the scheme is set to be submitted by the end of the year.