British Land Reports Portfolio Value Down by 10.8%
British Land has reported its full-year results for 2021, revealing a 10.8 per cent reduction in portfolio value. Office real estate value is down 3.8...
Read Full ArticleAs part of its Canada Water Masterplan, British Land and AustralianSuper have appointed Stanton Williams to design a 300,000 sq ft life sciences scheme.
Stanton Williams was chosen for its experience in creating innovative life sciences projects, including winning the Stirling Prize for Sainsbury Laboratory in Cambridge.
It is hoped that the project in London's Docklands will accommodate a range of complex scientific requirements to appeal to life sciences occupiers.
The project will be bolstered in May 2023 with the completion of The Paper Yard, 30,000 sq ft of modular lab space and a new engineering higher education enterprise co-founded by three global universities.
The first phase of the masterplan, which is a 50:50 joint venture between British Land and AustralianSuper, is expected to complete in Q4 2024.
Emma Cariaga, Joint Head of Canada Water at British Land, said: “We have an incredibly rare opportunity at Canada Water to reimagine an entire district for London. Our vision is to create a diverse and exciting neighbourhood rooted in innovation – somewhere that businesses can be inspired to grow and where people will put down roots.
“Delivering up to 2.5m sq ft of highly sustainable business and innovation workspace across the masterplan, Canada Water is in prime position to cater to the growing number of life science and innovation businesses requiring new, high-specification lab space, supporting the aims of the government’s newly published Science and Technology Framework which pinpoints these burgeoning sectors as a crucial driver of economic growth.
"Canada Water presents a compelling proposition for prospective occupiers, on account of its vibrant, well-connected central London location which benefits from being in close proximity to three leading teaching and research hospitals including Guy’s Hospital in London Bridge; St Thomas’ Hospital in Waterloo and King’s College Hospital in Denmark Hill.”
Richard Wardle, Director at Stanton Williams, added: “We are delighted to be part of British Land's ambitious regeneration of Canada Water. This is a wonderful opportunity to contribute to the creation of a vibrant and collaborative environment that will foster innovation and nurture a new sense of community in the heart of the post-industrial Southwark Docks.”
Picture: an image showing the proposed site at Canada Water, with balconies and an open courtyard. Image Credit: British Land
Article written by Ella Tansley | Published 13 March 2023
British Land has reported its full-year results for 2021, revealing a 10.8 per cent reduction in portfolio value. Office real estate value is down 3.8...
Read Full ArticleBritish Land has announced that long-serving Chief Executive, Chris Grigg is to step down, less than a year after, the UK's number two by volume property company,...
Read Full ArticleCanada Water in London's Docklands has passed a key milestone with Southwark Council Planning Committee resolved to grant planning permission for British Land’s...
Read Full ArticleLGIM Real Assets has partnered with ESG platform Globechain to exchange office furniture, IT equipment and appliances with other businesses. Through the...
Read Full ArticleA London Bridge development that will be raised 18m above ground level by steel stilts has been granted planning approval by Southwark Council. Described as “the...
Read Full ArticleLet’s take a look at some of this month’s most interesting high performing buildings in the UK. Watch the...
Read Full ArticleAs a growing number of firms seek to distance themselves from Russia after the invasion of Ukraine, what are the major players in commercial real estate...
Read Full ArticleBritish Land has announced that it has exchanged on the acquisition of three warehouses at Hannah Close, in Wembley for £157m with completion expected by mid...
Read Full ArticleBritish Land has leased the top floor of 100 Liverpool Street to Hudson River Trading, meaning the building is now fully let. Hudson River Trading has signed an...
Read Full ArticlePropTech solution WeMaintain has struck a deal to provide maintenance solutions to the property developer, British Land. The 12-month contract...
Read Full Article