British Land Company PLC · LSE:BLND
British Land — Corporate Update (July 2018)
13 slides from British Land's corporate update, Jul 5, 2018
Slide 1: Canada Water Masterplan
Canada Water Masterplan Presentation to Rotherhithe Area Housing Forum 5th July 2018
Slide 2: Illustrative masterplan
Slide 3: Homes
Homes • 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 – LBS consultation due summer 2018 • Scheme viability assessment & all supporting information published in full with the app
Slide 4: Homes – First Buildings
Homes – First 3 Buildings Total Homes 270 Private Homes 178 Affordable Homes 92 - 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 Southwark Council policy - Discount Market 8 o Suppor
Slide 5: Homes – Types in First Buildings
Homes– Types in First 3 Buildings Tenure 92 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 “stairca
Slide 6: Levels of Social Rents in First Buildings
Levels of Social Rents in First Buildings 1 Bed Rent Per Week 2 Bed Rent Per Week 3 Bed Rent Per Week £350 £350 £350 £331 £300 £300 £300 £273 £250 £250 £250 £210 £200 £200 £200 £161 £152 £146 £144 £150 £150 £126 £150 £107 £100 £100 £100 £50 £50 £50 £0 £0 £0 Canada Water London Affordable Canada Wate
Slide 7: Future Phases
Future Phases • Targeting 35% affordable conditional upon: • Grant availability • Achieving target revenues to fund £500m infrastructure investment • The tenure splits for future phases will be determined when the detailed plans are submitted, to allow future need to be accommodated • 100% of any ad
Slide 8: Community and health
Community and health Overall A1/A2/K1 20,000 sq m of community floorspace, including provision of a new Leisure centre to replace Seven health centre and police ‘hub’ and new leisure centre Islands Primary school – extension to existing primary school Increase to support local education provision th
Slide 9: Local benefits (e.g. Jobs, training, events) - Principles
Local benefits (e.g. Jobs, training, events)- Principles Overall – maximise local benefit and address real local needs and priorities • Want local people to be getting the jobs, training and opportunities in construction and once completed (end use) • help people do this e.g. pre-employment training
Slide 10: Community Investment
Community Investment • Fund for local projects through British Land Community Investment • Focused across education, employment, business and community • All projects are reviewed and evaluated annually/once complete • Currently scoping Construction Youth Trust pilot in seven local schools • C.£42k
Slide 11: Funding sources to deliver local community benefits
Funding sources to deliver local community benefits LBS • Cleaner Greener Safer • Business Rates • Council Tax • New Homes Bonus • S106 – CWMP, Sellar, Gas Site, Seven Islands etc Community Infrastructure Levy (CIL) • Total CW Masterplan CIL = c.£88m (c.£60m for LBS, of which c.£15m (25%) for local
Slide 12: Transport
Transport • BL working closely with TfL and LBS on the future transport strategy in the Canada Water. • Strategic Transport Study due to report shortly. • Delivery triggers still to be negotiated, dependent on build-out, uses and funding sources.
Slide 13: Transport – Parking
Transport – Parking 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 on multi storey car park Residential parking spaces provided at 0.2 spaces pe