Developer British Land and an Urban Catalyst鈥揗ultiplex joint venture head a longlist of eight for the 拢400m redevelopment of Canada Water in south-east London.
Southwark council intended to whittle the 12 initial bidders down to four but decided that it did not have enough information to decide a shortlist. Southwark property team member Adam Faulkner said: 鈥淎t a meeting, the Canada Water quality panel decided that it needed to introduce another step. The 12 bidders were cut to eight by judging financial capability and development record.鈥�

Two of the teams dropped were a Tesco鈥揝lough Estates joint venture and a consortium put together by Danish firm Foreign Properties APS, both of which are landowners at Canada Water and have drawn up masterplans for the site in the past. Tesco鈥揝lough Estates submitted its vision for the site to council planners last week. The consortium owns roughly half the 16 ha site.

The other six runners, in addition to Urban Catalyst and British Land, are Wimpey鈥揅ountryside Properties, St George, Persimmon Homes鈥揃arratt Developments, Allied London Properties, London & Amsterdam and Taylor Woodrow. ARC Studios鈥揗urphy Phillips and Federal Developments also failed to make the cut.

We want to create a new town centre for the peninsula

Stephen Platts, Southwark council

The longlisted bidders received notification this week that they must submit detailed drawings for the scheme by the end of next month. Interviews will follow on 9 and 10 December. A preferred bidder is expected to submit an outline planning application by the middle of next year.