British Land : marks topping out of new homes and workspace at Canada Water

• Plot A1 is a sustainable and award-winning mixed-use building central to the rejuvenation of Canada Water, comprising The Founding and Three Deal Porters
• Reaching full height, the 35-storey building is home to The Founding, the first collection of 186 apartments, as well as flexible workspaces at Three Deal Porters and street level retail spaces
• Canada Water is London's largest rejuvenation creating net-zero homes, shops, offices, parks and waterways across 53-acres

6^th March 2024 | British Land and AustralianSuper have celebrated the topping out of Plot A1, a sustainable mixed-use building in the heart of the 53-acre Canada Water masterplan.

Designed by award winning architects Allies+Morrison, and built by contractors Wates, Plot A1 reaches 35 storeys in height in its tallest building, and comprises the Canada Water masterplan's first new private sale homes at The Founding, alongside warehouse-style workspaces at Three Deal Porters, and 8,400 sq ft of street level retail space.

Part of the exciting first phase of the Canada Water development, The Founding includes 186 studio, one, two- and three-bedroom apartments. These expansive, open plan net zero homes boast a high-specification and interiors by international design studio, Conran & Partners.

Three Deal Porters is a 100% electric mixed-use building located next to The Founding. Set over five floors, 117,000 sq ft of modern, flexible workspaces enjoy floor-to ceiling windows and are enhanced with fresh air flow. Offering the highest standards of sustainability, technology and wellbeing, this innovative building has been awarded multiple BREEAM accreditations in addition to being Outstanding WELL Gold Smart enabled. On the ground floor, a mix of food and drink retail outlets will form the start of London's first new town centre in a generation.

Outdoor roof terraces, available to both residents and employees, are set across three floors across both buildings and look out onto the restored Canada Dock, with panoramic views of London's skyline.

In a year of key milestones, 2024 will also mark the opening of the 170m-long boardwalk and a new wetland habitat within Canada Dock, as well as the completion of further workspace and a new community leisure centre.

Emma Cariaga, Joint Head of Canada Water at British Land said: "Canada Water represents a truly extraordinary opportunity to reimagine an entire neighbourhood in the heart of central London. Our vision is underpinned by building a place for everyone, from all walks of life, to make this a great place to live, work and socialise.

"The topping out of Plot A1 is a key moment in seeing our vision brought to life. In addition to new homes at The Founding, it will deliver highly sustainable workspaces, alongside new retail options and open spaces that support our wellbeing and wider environmental impact."

Eddie Tribe, Managing Director of Major Projects, Wates said: "Today marks an important milestone for Canada Water, and we are proud to be working with British Land and AustralianSuper to develop the largest plot so far, in this transformative and sustainable regeneration project.

"At Wates, family values are at the heart of what we do, and we care about the communities we work in. Throughout this project, we have generated £3.6 million in social value and provided £2.4 million in local economic benefit to support the community. We have also been working in partnership with local schools and colleges to deliver work experience placements on site, seeking to encourage people from all backgrounds into our industry.

"We look forward to working on the future stages of this development, helping create a new sustainable neighbourhood in central London."

Canada Water, British Land and AustralianSuper's 53-acre masterplan, is set to deliver around 3,000 net zero homes, office space for an estimated 20,000 workers and up to one million sq. ft. of leisure, cultural and education facilities.

This once in a lifetime project is the UK's most sustainable regeneration scheme and will be a net zero neighbourhood by 2030, achieved through materials innovation and a sustainability-first approach to all elements of design and construction. The approach includes earth friendly concrete, an all-electric energy strategy which uses 100% renewable electricity, heat sharing between offices and homes, alongside finding inventive ways to give old buildings a new lease of life.

To find out more about The Founding and the rest of the development, please visit the website at www.canadawater.co.uk, email [e-mail], or keep an eye on the Canada Water Masterplan social media channels.

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Media Enquiries:

Laura Sears, British Land	[e-mail]
FTI Consulting	[e-mail]

ABOUT BRITISH LAND

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £12.7bn (British Land share: £8.7bn) as at 30 September 2023 making us one of Europe's largest listed real estate investment companies.

We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best-in-class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.

Our three campuses at Broadgate, Paddington Central and Regent's Place are dynamic neighbourhoods, attracting growth customers and sectors, and offering some of the best connected, highest quality and most sustainable space in London. We are delivering our fourth Campus at Canada Water, where we have planning consent to deliver 5m sq ft of residential, commercial, retail and community space over 53 acres. Our Campuses account for 62% of our portfolio.

Retail & London Urban Logistics accounts for 38% of the portfolio and is focused on retail parks which are aligned to the growth of convenience, online and last mile fulfilment. We are complementing this with urban logistics primarily in London, focused on development led opportunities.

Sustainability is embedded throughout our business. Our approach is focused on three key pillars where British Land can create the most benefit: Greener Spaces, making our whole portfolio net zero carbon by 2030, Thriving Places, partnering to grow social value and wellbeing in the communities where we operate and Responsible Choices, advocating responsible business practices across British Land and throughout our supply chain, and maintaining robust governance structures. Further details can be found on the British Land website at www.britishland.com.

About the Canada Water Masterplan

The Canada Water Masterplan is a 50:50 joint venture between British Land and AustralianSuper, working in partnership with Southwark Council to create a new town centre for London.

The Masterplan is a 53-acre, mixed use scheme that will deliver around two million sq ft of workspace to accommodate approximately 20,000 jobs, around one million sq ft of retail, leisure, entertainment, education and community space, and around 3,000 new homes, of which 35% will be affordable.

With wellbeing embedded into the masterplan, and buildings to support low carbon living, the project will also create 12 acres of new open space, including a 3.5-acre park, a new Town Square, the first new high street in London for 100 years and 16 new streets.

The Masterplan was granted permission in late 2019. In March 2022 British Land entered into a 50:50 joint venture with AustralianSuper, Australia's biggest profit to member pension fund, providing additional funding to accelerate the major regeneration scheme, with Phase 1 expected to complete in Q3 2024.