Work will begin this autumn on the development of more than 1,000 homes on the Decathlon site at Canada Water.
Southwark councillors approved the plans for the development – which includes a 40-storey tower – at the end of last year.
Now the developer Sellar has signed an agreement with Notting Hill Housing to work together on the scheme which will provide:
- 453 homes for private sale
- 346 home for private rent
- 69 shared ownership homes
- 162 homes to be let at ‘Affordable Rent’
Kate Davies, Chief Executive of Notting Hill Housing, said: “Following a detailed discussion process, we are pleased to confirm that contracts have now been signed and Notting Hill Housing will work with Sellar Design & Development to deliver over 1,000 homes through an exciting new partnership.
“The project at Canada Water will not only introduce properties to buy in Southwark, but it will also provide a much-needed boost to the rental options in the area.
“It marks a significant move in our ambition to create more quality new homes across central London and, in particular, to expand our ‘open market rent’ portfolio.
“This scheme will represent our largest ever development of new rental homes and will increase our exciting offering by almost 50 per cent.”
James Sellar, chief executive of Sellar Design & Development and son of Shard developer Irivine, added: “We are delighted to be working in partnership with the Notting Hill Housing; a leading provider of rented homes in the capital. The scheme will provide a truly striking development in the heart of a previously overlooked part of London as well as creating a new town centre for Canada Water.
“Over the past three years we have worked closely with local residents and Southwark Council to meet everyone’s aspirations for the site and to provide a focal point for both the existing community and the new residents that will be attracted to Canada Water over the next five years or so.”