Canada Water Master Development Agreement
In May 2018, in order to deliver the Canada Water Masterplan, the council entered into a Master Development Agreement (MDA) with British Land.
The cabinet report that led to the council entering into the MDA has background information on the project and the agreement and can be viewed by going to item 23 here.
The MDA gives the council the ability to share in the financial benefit of the redevelopment of Canada Water by investing directly in the project.
The MDA commits British Land to deliver 35% affordable housing and a new council leisure centre in the first phase of development.
The council also has an option to buy all of the social rented units built in the development, which will then be made available to local people as council homes.
You can view the MDA here (pdf, 59.7mb). Due to the commercially sensitive nature of some of the content, parts of the MDA have had to be redacted.
Page last updated: 17 December 2018