Penningtons Manches advises Sellar Property Group on Canada Water regeneration deal
Penningtons Manches’ real-estate team has exchanged on a major deal for Sellar Property Group, involving a £500m joint venture and forward funding with Notting Hill Housing Trust, which will transform Canada Water in London’s Docklands.
The scheme involves the construction of 1,030 homes for sale or rental, including 230 affordable housing units, together with a 100,000ft² store pre-let to Decathlon, a café, restaurants, shops, an art house cinema and offices.
Around the dock, the area will be opened up as public space and feature new walkways, cycle paths and improved access to Canada Water station. A community sports facility and health centre will also be provided.
The joint venture has appointed Sellar Design and Development as development manager for the redevelopment of the 7.5-acre site in Surrey Quays Road, SE16, on the former Rotherhithe Peninsula.
Penningtons Manches’ team was led by Louis Manches and included Melvin Pedro, Gemma Bill, James NcNeilly, Chris Warenius, Giordano Suergiu and Katherine Waller.