Canada Water Approved with Just 9% Affordable Homes as Labour “Waves Through” Scheme

Australian pension fund and developer reveal revised 4,000-home masterplan for London scheme

British Land and AustralianSuper have secured approval for a revised 4,000-home scheme in Canada Water.

Green light for revamped Canada Water masterplan as next phase moves forward

A revised version of the Canada Water masterplan in London has been approved by the Deputy Mayor, paving the way for the next stage of development. The updated plans, brought forward by British Land and AustralianSuper, include taller and larger residential buildings. The changes reflect wider regulatory shifts as well as ongoing cost and viability pressures across the sector. Affordable housing provision has also been adjusted, with 20 per cent…

Canada Water approved with just 9% affordable homes as Labour “waves through” scheme

The Canada Water Masterplan has been approved – delivering just 9% affordable housing across the scheme, a dramatic drop from the 35% originally promised to residents. Despite last-minute changes securing 20% affordable homes in one phase, the overall scheme still falls to just 9%, leaving the vast majority of homes out of reach for local people. The decision follows years of reductions in affordable housing on the site, which at one stage dropp…

Revised planning application for Canada Water Masterplan approved after Mayor's grant

City Hall has approved a revised planning application for the Canada Water Masterplan which will see just 9 per cent affordable housing delivered on site instead of the 35 per cent originally offered. On Friday afternoon (March 27), the Deputy Mayor for Planning, Regeneration and the Fire Service, Jules Pipe, chose to grant planning permission for a Section 73 application from developers British Land and AustralianSuper, despite warnings that it…