- British Land said plans to create a new town centre at Canada Water in London received approval from Southwark Council Planning Committee following five years of extensive talks.

Plans for the Canada Water town centre included a 53-acre, mixed-use scheme that would deliver around 2m sq. ft. of workspace to accommodate around 20,000 jobs; around 1m sq. ft. of retail, leisure, entertainment, education and community space; and around 3,000 new homes, of which 35% would be affordable, the company said.

‘We have an incredible opportunity at Canada Water to create a vibrant neighbourhood for people to live, work and enjoy. We're hugely excited about delivering this exceptional, mixed-use and sustainable landmark development, which has been designed to support people's wellbeing,’ said Chris Grigg, Chief Executive of British Land.

At 8:58am: [LON:BLND] British Land Co PLC share price was +0.2p at 585p

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