British Land is looking to pick four contractors to sit on a panel for its £4bn redevelopment of Canada Water.
Roger Madelin, who is leading British Land’s regeneration of the south-east London area, said four contractors will be appointed to a panel to deliver works across the 21 ha site.
Speaking to Construction News, Mr Madelin said British Land had been approached by Balfour Beatty, Bam Construction, Laing O’Rourke, Mace and Wates about possible opportunities on the scheme, adding that wider conversations with the industry were ongoing.
“We are thinking, talking and strategising very hard with the supply chain, including major contractors and major specialist contractors about the opportunity of delivering not only a huge first phase, but (one would hope) the continuation of a lot of construction work over 10-15 years,” he said.
He added that British Land was looking at how it could benefit from existing relationships with its contractors on other major London developments, including Sir Robert McAlpine (which is on site at Broadgate) and Lendlease (which is on the 1 Triton Square redevelopment at Euston).
Contractors are expected to be appointed by autumn this year.
Under the Canada Water masterplan, approximately 5m sq ft of new developments will be built, split nearly 50:50 between commercial and residential space.
This covers the former SE16 Daily Mail printworks, the Surrey Quays Shopping and Leisure Centre, the Dock Offices, and the former Rotherithe police station.
Mr Madelin, who also masterminded Argent’s regeneration of King’s Cross, told CN he had received more interest in office space at Canada Water than on any previous scheme.
“I’ve had more conversations with potential office occupiers than I have ever had at any development I’ve been involved in at 35 years,” he said.
He suggested the location and connectivity of Canada Water could explain the high demand for workspace.
Mr Madelin added: “British Land slowed down after Brexit and we paused for a while. But the number of office lettings has surprised us all.”
British Land submitted a masterplan for the scheme to Southwark council last week, including a detailed planning application for phase one of the scheme.
In total, 1.8m sq ft of a mix of residential, office, retail and leisure space will be delivered under phase one.
It is anticipated that construction of phase one will commence this time next year.