Developer works up 1.7m sq ft Canada Water office scheme
The owner of a 4.4-acre site next to the Canada Water redevelopment in southeast London is working up proposals for the UK’s largest office scheme planned since the onset of the Covid-19 pandemic.
Germany’s Art-Invest Real Estate and Sellar are switching out existing plans for residential buildings at the Canada Water Dockside site on Surrey Quays Road, SE16, in favour of a 1.7m sq ft office-led scheme.
Documents lodged with Southwark Council this month propose the development of buildings of up to 25 storeys that will also include retail, food and drink and other community space as well as a new public realm.
The owner of a 4.4-acre site next to the Canada Water redevelopment in southeast London is working up proposals for the UK’s largest office scheme planned since the onset of the Covid-19 pandemic.
Germany’s Art-Invest Real Estate and Sellar are switching out existing plans for residential buildings at the Canada Water Dockside site on Surrey Quays Road, SE16, in favour of a 1.7m sq ft office-led scheme.
Documents lodged with Southwark Council this month propose the development of buildings of up to 25 storeys that will also include retail, food and drink and other community space as well as a new public realm.
According to Radius Data Exchange, the scheme is the largest proposed office development in the UK since the pandemic began.
However, Southwark Council is finalising a new local plan that identifies the site as one that must include residential. Art-Invest has been engaging with the council to remove that requirement, according to council documents.
The company’s plans come as some traditional office developers in the area turn their attention to residential. Earlier this month, Canary Wharf Group revealed plans for a 60-storey build-to-rent tower in place of a consented office scheme.
Art-Invest bought the site, next to British Land’s 53-acre Canada Water development, from Notting Hill Genesis last year. Back in 2013, planning consent had been granted for residential buildings on the site, but Art-Invest has since opted to put forward its office-led scheme instead.
Art-Invest retained Sellar, which had been working with Notting Hill Genesis, as co-developer on the new scheme.
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Photos: Canada Water Dockside
