Slough Estates has joined forces with Conrad Phoenix Properties to work on a £250m mixed-use scheme on a site next to British Land’s Canada Water development in South London.
The two companies last week appointed Aukett Associates to design a masterplan for the site, which has potential for around 500,000 sq ft of retail space and hundreds of residential units.
Slough and Conrad Phoenix together control around 29 acres of land earmarked for the development. The site currently includes a 280,000 sq ft shopping centre, jointly owned by Slough and Tesco, which could be doubled under the proposals.
Last July, Southwark Council selected a consortium led by British Land as the preferred developer for the £1bn redevelopment of a 40-acre site in Canada Water. British Land beat rival proposals from Slough and Tesco, which failed to make the shortlist.
The winning proposal for the site includes 100,000 sq ft of office space, a further 100,000 sq ft of retail, plus 2,000 homes.
Source: Freeman News