Under Construction

Canada Water Masterplan

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The story so far

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, at Surrey Quays Road with 4184 residences, under way since 2021 and targeting 2036. Financed with $100M from Homes England in May 2021.

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% 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.

Expected opening 2025 est.
Tenant announced Jun 9, 2026

Three Deal Porters workspace launched; first pre-let to Foundervine.

britishland.com
Phase 1 complete Jun 2026

The Founding (186 homes) + 7 Roberts Close (79 affordable homes) delivered, Three Deal Porters workspace launched.

britishland.com
Revised masterplan approved Mar 27, 2026

The Deputy Mayor of London approved up to 4,184 homes, 2.5 million sq ft of workspace and a 3.5-acre park, with the next phase to start from 2027.

britishland.com
TCO received 2025

Phase 1 delivered (Three Deal Porters offices, 186+79 homes, leisure centre); adds Office + Park to types. Next phase on site from 2027.

propertyweek.com
Topped out Mar 6, 2024

Plot A1, 35 storeys, topped out.

britishland.com
Financing secured May 26, 2021

£100M infrastructure loan from Homes England (Home Building Fund) to accelerate residential delivery.

pbctoday.co.uk
Broke ground 2021
Phase 1 works begin 2021

Enabling works underway and first build contracts signed for Plots A1 (Wates), A2 (Mace) and K1 (McAleer & Rushe).

constructionenquirer.com
Announced 2020

British Land / AustralianSuper Canada Water masterplan, phased 53-acre town-center regeneration in Rotherhithe.

britishland.com
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 29, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open

The outlook for Canada Water Masterplan

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Companies and contacts

Every firm on Canada Water Masterplan, the office nearest it, and the people who work on it.

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, with interiors by Conran and Partners.

Who is building Canada Water Masterplan?

Canada Water Masterplan is being built by Wates, Mace, McAleer & Rushe.