Under Construction

Canada Water Masterplan

The Canada Water Masterplan is a 53-acre regeneration of the Rotherhithe peninsula in the London Borough of Southwark, creating a new town centre for south-east London around the historic Canada Dock.

Official Website
TMW IntelligenceVerified Oct 9, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2021
Start
~2036
Completion
4184
Units
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Details

Surrey Quays Road, Southwark. 4184 residences. Broke ground 2021, targeting 2036. Financed with $100M from Homes England in May 2021.

The story so far
Announced 2020British Land / AustralianSuper Canada Water masterplan — phased 53-acre town-center regeneration in Rotherhithe
britishland.com
Phase 1 works begin 2021enabling works underway and first build contracts signed for Plots A1 (Wates), A2 (Mace) and K1 (McAleer & Rushe), per Construction Enquirer
constructionenquirer.com
Broke ground 2021
Financing secured May 26, 2021£100M infrastructure loan from Homes England (Home Building Fund) to accelerate residential delivery, per PBC Today
pbctoday.co.uk
Topped out Mar 6, 2024Plot A1 (The Founding + Three Deal Porters), 35 storeys, topped out
britishland.com
TCO received 2025Phase 1 delivered (Three Deal Porters offices, 186+79 homes, leisure centre); adds Office + Park to types. Next phase on site from 2027
propertyweek.com
Revised masterplan approved Mar 27, 2026Deputy Mayor of London signs off the Section 73 revision raising building heights and massing, adding living-use flexibility and resetting affordable delivery, with the next phase due to start from 2027
britishland.com
Phase 1 complete Jun 2026The Founding (186 homes) + 7 Roberts Close (79 affordable homes) delivered, Three Deal Porters workspace launched per British Land
britishland.com
Tenant announced Jun 9, 2026Three Deal Porters workspace launched; first pre-let to Foundervine
britishland.com
Expected opening 2036 est.
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The outlook for Canada Water Masterplan

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The London market 44 · Elevated supplyRotherhithe 34-project pipeline · 22,223 residences and keys · peak Late ’28 Explore the market →
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About the project

The Canada Water Masterplan is a 53-acre regeneration of the Rotherhithe peninsula in the London Borough of Southwark, creating a new town centre for south-east London around the historic Canada Dock. Delivered by British Land and AustralianSuper in partnership with Southwark Council, with a masterplan by Allies and Morrison, the consented scheme provides up to 4,184 new homes, 2.5 million square feet of workspace and 1 million square feet of retail, leisure and cultural space, knitted together by a 3.5-acre public park, a new town square and 16 new streets. The first phase has delivered The Founding, a 35-storey residential tower, the Three Deal Porters workspace building, affordable homes at 7 Roberts Close and a new leisure centre, while the revised masterplan adds height across later residential plots, introduces alternative living uses and commits to 20 percent affordable housing in the next phase. Dockside promenades, biodiverse landscaping and pedestrian-first streets set the tone for a walkable, mixed-income district, supported by new step-free access at Surrey Quays Station.

Developer & design
Common questions

Frequently asked

Where is Canada Water Masterplan located?

Canada Water Masterplan is located in London.

When will Canada Water Masterplan be completed?

Canada Water Masterplan is under construction, with completion expected in 2036 (a TMW estimate).

Who is developing Canada Water Masterplan?

British Land, AustralianSuper is the developer behind Canada Water Masterplan.

Who designed Canada Water Masterplan?

Canada Water Masterplan was designed by Allies and Morrison.

How big is Canada Water Masterplan?

Canada Water Masterplan features 4184 residences.