The Founding at Canada Water is the next big thing for investors eyeing residential property in London
- First flagship residences in landmark 53-acre Canada Water rejuvenation masterplan destined to become a new district to live, work and play
- Sustainable mixed-used development with excellent connectivity and proximity to leading universities
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The Founding in London’s Zone 2 ticks all the boxes for those seeking a sustainable lifestyle inspired by the 15-minute city concept. Developed by FTSE 100-listed British Land in a joint venture with AustralianSuper, Australia’s largest superannuation fund, the 35-storey tower is scheduled for completion in the autumn of 2024. It forms part of the first phase of the ambitious Canada Water Masterplan regeneration scheme, shaping the capital’s best-kept secret into a vibrant new central London district.
A once-in-a-generation development project
A mixed-use, multi-phase proposition, the 53-acre development transforming the historic dockland in south-east London is one of the city’s last large-scale regeneration projects. It is set to deliver around 3,000 new homes, up to 2.5 million sq ft of office space, 1 million sq ft of shops and restaurants, 16 new streets and the first high street in London in a generation, alongside 12 acres of new parks and public spaces.
The Grand Press will offer market-leading offices at the front while retaining the world-class cultural venue Printworks London. Meanwhile, the Dock Shed is a brand-new mixed-use building incorporating warehouse-style office space and a significant new leisure centre with two swimming pools, a 150-station gym and sports facilities. Closer to home at the foot of The Founding’s tower, Three Deal Porters forms part of the new high street with retail, eateries, and workspace.
“With a 50/50 split between residential and commercial, there will be an exciting 24/7 buzz for both residents and workers, as well as those visiting for leisure,” explains Emma Cariaga, Co-Head of Canada Water and Head of Residential at British Land. “We’ve got phenomenal connectivity in all directions with the Jubilee Line and the Overground from the Canada Water station. All residential buildings are within walking distance of the tube, with The Founding on the doorstep.”
The new on-site university, TEDI-London, an innovative Engineering & Design Institute, is an exciting facet of the Masterplan. Many other world-class universities across London are within a short tube ride, making Canada Water a coveted, convenience-led residential location.
A net-zero neighbourhood by 2030
An important aspect of Canada Water for investors is its commitment to becoming a net-zero neighbourhood by 2030. British Land takes an innovative, sustainability-first approach to all design and construction elements.
“There are many pioneering technologies we are adopting here to create a truly sustainable place to live and work. We are the first in the UK to use cement-free concrete to build some of the early infrastructure works, and internal heating systems are designed to take waste heat from the offices to heat the residential spaces,” Cariaga says.
A new era in waterside living
.jpg?itok=DVa43Y6I "A new undulating red timber bridge will become a must-see piece of architecture in London.")
Commanding panoramic vistas of London’s skyline dotted with iconic landmarks such as London Bridge, The Shard and “The Cheesegrater”, which British Land built in 2014, The Founding offers a new level of contemporary sophistication across its 186 apartments.
“What makes The Founding so special is its location – unique water frontage and immediate adjacency to the tube station. We are creating an incredible 170-metre red timber bridge within the adjacent Canada Dock that will be a pedestrian route and a must-see piece of architecture in London. At the same time, we are making amazing improvements to the stretch of water it crosses, increasing its biodiversity and improving the public domain around the dock. It will become an iconic destination to visit,” adds British Land’s Head of Residential Sales, Simon Capp.
The epitome of urban luxury
Internally, the industrial-style studio, one-, two- and three-bedroom apartments of The Founding have been curated by the internationally-renowned Conran & Partners to reflect a new level of contemporary sophistication and a feeling of urban calm, taking inspiration from the surrounding nature.
Thoughtfully conceived amenities include three generous terraces with rainforest-inspired foliage, including one east-facing rooftop and one west-facing, offering sensational views of the London skyline from sunrise to sunset. There are also communal spaces specially designed for working and relaxing that meet the wellness needs of residents in the post-Covid age. The dual-height lobby with a mezzanine and spiral staircase that houses the concierge is awe-inspiring. “The Founding will be a really beautiful experience for those who live there,” says Capp.
Seize the opportunity to invest
Investors keen to buy a central London new-build residential property in a large-scale development complete with facilities and security should take advantage of this opportunity to be among the first to participate in Canada Water’s incredible growth story. According to agents JLL and Savills, rents in London went up by 10 per cent across the board in 2022, and they forecast that prices in this location will go up in the next five years. So, investors buying in the first phase will likely see strong capital growth from both the capital gains and rental perspectives.
And, of course, they should take confidence in British Land’s 167-year expertise in creating high-quality, mixed-use modern and sustainable London campuses such as Broadgate, Regent’s Place and Paddington Central. The firm has a track record for developing high-profile residential schemes, like Clarges Mayfair, which features 34 beautiful apartments that set record prices for that area at the time, and Aldgate Place, located between the City of London and the East End.
Visit The Founding’s exhibition on 4th and 5th March at the Mandarin Oriental to see why it makes perfect sense to snap up a legacy residence in London’s upcoming net-zero neighbourhood.