Savills News

The Founding Reaches New Heights at Canada Water

First opportunity to buy into London’s newest and most sustainable district for central London by British Land.
  • 186 spectacular new homes launch at The Founding, Canada Water’s first phase.

  • World-class design partners: architects Allies & Morrison, and interiors from Conran and Partners.

  • Apartments in prime waterside position, offering exclusive views of London’s skyline.

  • Delivering 12 acres of green spaces, net-zero homes, offices, leisure and retail by 2030 as part of wider 53-acre masterplan within Zone 2.

British Land recently launched its first homes, a collection of 186 studio, one, two- and three-bedroom net zero apartments, at The Founding, Canada Water. This 35-storey residential building – designed by architects Allies and Morrison – is the first chance to buy at this new central London district as it undergoes a rejuvenation as a place to live, work, play and relax.

The expansive open plan homes within the flagship residence, The Founding will provide unique panoramic views across London from large, metal framed feature windows and private balconies. The bespoke interiors have been carefully curated by award-winning design studio Conran and Partners. Brushed stainless steel, matte finish feature ironmongery, polished concrete-style worktops and European oak flooring have been incorporated to reflect the area’s rich heritage as a former shipping and timber heartland and a working dock during the 18th and 19th centuries.

In homage to the 130 acres of surrounding woodlands, parks, docks and waterways, and in keeping with the sustainable vision of the Canada Water masterplan, a mix of natural and sustainable materials have been incorporated to create a contemporary and elegant feel. High recessed ceilings feature exposed concrete and designer track lighting, while soft furnishings include linens and textured fabrics. 

Three separate and distinctly designed roof gardens on floors 6, 29 and 32 will feature extensive and lush planting inspired by tropical rainforests. From these rooftops residents will have exclusive skyline views to enjoy sunrise looking east over the River Thames to Canary Wharf, and sunset looking west with the stunning London skyline of Tower Bridge, The Shard and St Paul’s Cathedral. Amenities within the building include an impressive mezzanine-level resident lounge that will provide home working and social spaces, in addition to flexible areas for private gatherings and entertaining.  

Simon Capp, Head of Residential Sales at British Land, said: “Since we launched The Founding last year, we’ve seen ongoing interest from astute buyers who recognise the value in early adoption of a new development. The first phase of a ten-year masterplan at Canada Water, The Founding is a rare opportunity to be among the first to buy into this incredible place, and our sales to date show people recognise the value in this.

Canada Water’s Zone 2 location provides easy access across central London, with superb connectivity from Canada Water station located just one minute from the front door. Its high-class interior design by Conran and Partners brings the heritage of location into the 21st century, enhanced by delivery from a leading REIT in British Land and AustralianSuper, who have a track record in creating world class places across the UK.”

Nina Coulter, Director at Savills, comments:The demand for not only green spaces but homes near water continues to grow from all types of buyers. Canada Water will provide an abundance of wide green spaces adding huge health benefits to residents from cleaner air to improving well-being. Increasingly, buyers are looking for areas that provide a natural environment and a resilient, sustainable urban fabric, that will add value to their recreational time as well. Schemes such as Canada Water in particular provide a valuable opportunity to build nature into the core of a development offering.

British Land is creating a new district for London focusing on providing not only great apartments to live in, but a whole new way of living in the capital. The apartments at The Founding have been created with huge attention to detail, and stunning outside spaces.  The incredible, uninterrupted views show how close Canada Water is to the City and Canary Wharf, and with the Jubilee Line and Elizabeth Line both easily accessible, West London is not far away either.”

Gavin She, Director at Savills Hong Kong, comments:“A fall in interest rates and an improving economic outlook have created more capacity for house price growth in London in the coming years. Savills have revised our 5 year house price growth to be 14.2% in London and 21.6% for UK.  The Founding offers investors a first bite into the visionary masterplan development in Canada Water which already is a coveted spot for property investors due to its proximity and accessibility by tube to central London and Canary Wharf.”


Culture, Creativity and Community | Canada Water, British Land’s 53-acre masterplan is set to deliver between 2,000 and 4,000 new homes, office space for an estimated 20,000 workers and around one million sq. ft. of leisure, cultural and education facilities. This once in a lifetime project will be a net-zero neighbourhood by 2030, achieved through materials innovation and a sustainability first approach to all elements of design and construction. From earth friendly concrete to an all-electric energy strategy which uses 100% renewable electricity, to heat sharing between offices and homes, to finding inventive ways to give old buildings a new lease of life.

Canada Water will also introduce 12 acres of new open space, including a 3.5-acre park, a new Town Square, and 16 new streets. The destination is served by the Jubilee Line, London Overground and TfL bus services, with proximity to the best of art, culture, nature and nightlife that London has to offer.

First homes at The Founding are scheduled to complete in winter 2024. Prices for homes at The Founding at Canada Water currently start from £704,000. For sales enquiries, please visit www.thefounding.co.uk

 

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