Sellar reaches Canada Water agreement with Notting Hill

By Paul Norman - Monday, March 24, 2014 9:21

Sellar Design & Development, the residential-led development arm of the Sellar Group, has agreed a new partnership with Notting Hill Housing to deliver the seven acre Canada Water town centre development.

Sellar has consent for a 1.5m sq ft residential and mixed use scheme on the seven acres adjacent to Canada Water underground station and the dock.  

Sellar has been appointed development manager and will work in partnership with Notting Hill to deliver a scheme where almost half the site will comprise public realm, including open spaces, landscaped gardens, walkways and cycle paths with a new, waterside town square.

The scheme will also provide approximately 150,000 sq ft of retail and commercial as well as a community sports facility and a health centre. As part of the development Sellar will create a 100,000 sq ft Decathlon store, forming phase one of the scheme, 22,000 sq ft of retail, cinema, bars and restaurants, and a further 25,000 sq ft of office accommodation.

Overall the development will comprise a total of five buildings. Its centrepiece will be a 40-storey tower, one of three buildings designed by architect David Chipperfield.

Macreanor Lavington has designed the building incorporating the Decathlon store with a third architect, yet to be appointed, designing the final building.

Development is set to get underway in Autumn 2014 with the construction of the first of five residential buildings incorporating the initial tranche of private rented units and the new Decathlon flagship unit, for which the retailer has acquired a 150 year lease due for completion in 2017.

James Sellar, chief executive of Sellar, said: “We are delighted to be working in partnership with 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, 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."

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 existing offering by almost 50%.”

CBRE advised Sellar; Knight Frank advised Notting Hill Housing.

pnorman@costar.co.uk

 

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