British Land Company PLC · LSE:BLND

British Land — Corporate Update (July 2018)

26 slides from British Land's corporate update, Jul 2, 2018

  1. Slide 1: Canada Water Masterplan

    Canada Water Masterplan Presentation to Canada Water Consultative Forum 2nd July 2018 .

  2. Slide 2: Agenda

    Agenda 1. Masterplan Update a. Overview and Master Development Agreement (MDA) b. Housing c. Transport d. Additional Facilities e. Future Community Consultation f. Public Realm g. Retail Strategy 2. Detailed Plots (A1/A2/K1) a. Focus on Plot K1 3. Questions

  3. Slide 3: Introduction

    Introduction • A new, mixed-use urban centre for London • Designated in planning policy as an Opportunity Area / Housing Zone • Key figures: • c. 2 million sq ft of office and workspace • c. 3,000 new homes • c. 1 million sq ft of retail, leisure, entertainment and community space • Other uses to be

  4. Slide 4: Illustrative masterplan

  5. Slide 5: Timescales

    Timescales  Outline planning application: submitted in May 2018  Statutory consultation: currently live until 20 July  Expected decision by Southwark Council (LBS): towards the end of 2018  Target completion of first detailed plots in 2022  Build out in phases with target completion of Masterpl

  6. Slide 6: Master Development Agreement

    Master Development Agreement • Master Development Agreement (MDA) long-term commitment • Southwark Council (LBS) remain as freeholder for most of masterplan area • British Land (BL) will take a 500 year lease • LBS have options to invest and share in profit / income • LBS have right to acquire socia

  7. Slide 7: Homes

    Homes • c.3,000 homes • Range of tenures to meet needs today, and for the future • Local Lettings Plan to prioritise a proportion of Council / Social Rent homes for local people • Local people could move to the homes, for example if they: o Are overcrowded o Want to down-size o Have particular needs

  8. Slide 8: Homes – First 3 Buildings

    Homes – First 3 Buildings Total Homes 270 Private Homes 178 Affordable Homes - Council Homes (Social Rent) 60 o 35% Affordable homes calculated by habitable room o 70:30 Social Rent: Intermediate tenure mix - Shared Ownership 24 o In line with LBS policy - Discount Market 8 o Supported by Greater Lo

  9. Slide 9: Homes – Types in First 3 Buildings

    Homes – Types in First 3 Buildings Tenure Nr Homes Details Council homes 60 o Council has the first option to own (social rent) o Rents at Southwark social rent levels as published in the New Southwark Plan Shared 24 o Part buy / part rent ownership o Initial share bought 25%, opportunity to “stairc

  10. Slide 10: Homes After the First Buildings

    Homes After the First Buildings • In total the masterplan is anticipated to deliver over 1,000 affordable homes • The affordable housing mix for future phases will be determined when the detailed plans are submitted • This approach allows future need to be accommodated e.g. keyworker • 100% of any a

  11. Slide 11: Transport

    Transport • BL working closely with Transport for London (TfL) LBS on the future transport strategy in the Canada Water • Strategic Transport Study due to report shortly • Delivery of improvements dependent on: phases, build-out rates, uses and funding sources Overall A1/A2/K1 Surrey Quays Station –

  12. Slide 12: Transport – Parking

    Transport – Parking Emerging policy is for the whole development to be car free Overall A1/A2/K1 Reduce current 1,943 spaces to 1,000 town centre spaces Majority of town centre parking unaffected by first plots New spaces in two locations – 550 in Tesco underground car park and 450 in multi-storey c

  13. Slide 13: Additional Facilities and Improvements

    Additional Facilities and Improvements Overall A1/A2/K1 20,000 sq m of community floorspace, including provision of a new health centre and police ‘hub’ and new leisure centre Primary school – extension to existing primary school Increase to support local education provision through Provision of a n

  14. Slide 14: Ongoing local engagement and consultation

    Ongoing local engagement and consultation • Consultation to date – over 110 events with a total attendance of over 10,000 attendees • Committed to ongoing local engagement on subsequent detailed phases • Establish Construction resident liaison groups • Ongoing input into naming of key spaces and pla

  15. Slide 15: Public Realm in the Masterplan

    Public Realm in the Masterplan

  16. Slide 16: Early Delivery

    Early Delivery Zone A Canada Water Dock Prince of Orange Walkway Roberts Close

  17. Slide 17: HoH Fi.

    HoH Fi. HOH fy HFT

  18. Slide 18: Plots A1, A2 and Zone M sketch

  19. Slide 19: Working with neighbours: Edge Areas

    Working with neighbours: Edge Areas Roberts Close / Russia Walk Prince of Orange Walkway

  20. Slide 20: Canada Water Retail Today

    Canada Water Retail Today Shopping Centre Leisure Park Lower Road Surrey Quays Road Albion Street and Old Rotherhithe Printworks & Hawker House Masterplan Boundary

  21. Slide 21: && discover &

    && discover & me Nats asl a

  22. Slide 22: Retail Strategy

    Retail Strategy Public Realm People Diversity

  23. Slide 23: Retail & Leisure Zone A

    Retail & Leisure Zone A

  24. Slide 24: Plot K1 Massing

    Plot K1 Massing

  25. Slide 25: K1 Lighting Key Issues

    K1 Lighting Key Issues Safety & Security Ecology Light Pollution

  26. Slide 26: Canada Water Masterplan Questions

    Canada Water Masterplan Questions

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