Under Construction

Canada Water Masterplan

London · Mixed-Use

The Canada Water Masterplan is one of central London's largest regeneration projects — a 53-acre reshaping of the Rotherhithe peninsula into the capital's first new town centre in a generation, delivered as a joint venture between British Land and AustralianSuper alongside Southwark Council.

Official Website
Verified Sep 18, 2026~10.3 yrs to delivery
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2021
Start
~2036
Completion
4184
Units

Financed with $100M from Homes England in 05.26.21.

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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.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 49 · ElevatedLondon marketMarket
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About the project

The Canada Water Masterplan is one of central London's largest regeneration projects — a 53-acre reshaping of the Rotherhithe peninsula into the capital's first new town centre in a generation, delivered as a joint venture between British Land and AustralianSuper alongside Southwark Council. Masterplanned around the existing dock and ecology, the scheme weaves together as many as 3,000 net-zero-carbon homes, around two million square feet of workspace, and a vibrant mix of shops, leisure, culture and community facilities, all knitted by generous public realm including a new town square, a fresh high street, and waterside parks. Early phases have already introduced a leisure centre and a new food-and-culture destination, with pedestrian-first streets, dockside promenades and biodiverse landscaping setting the tone for a walkable, mixed-income district. The ambition is a genuinely complete neighborhood — somewhere to live, work and gather — anchored by sustainability and the restored waters of Canada Dock.

Developer & design
The London market 49 · Elevated supplyRotherhithe 30-project pipeline · 21,575 residences and keys · peak Late ’28 Explore the market →
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.