Israeli developer Ampurius Holdings is competing against UK housebuilder Barratt Homes for a £50m mixed-use scheme in south-east London
Southwark council has asked the two firms to draw up plans for the scheme, called Downtown, on the Rotherhithe Peninsula.

The 2 ha site, which is 1 km from the £400m Canada Water development and 250 m from the Thames, houses a community hall and a medical health centre. These buildings are to be demolished and replaced by 300 mixed-tenure homes, and retail and community facilities.

The Barratt scheme includes 500 rooms for each hectare of mixed-use residential accommodation – private housing and affordable housing – as well as live–work units. It will have a public square, commercial space, community hall, GP centre, pharmacy, dentist surgery, childcare facilities and fitness centre.

Both teams have come up with schemes that will enhance existing community facilities

Steve Platts, Southwark council

Detailed plans for the schemes will be on display for a week at a public exhibition that starts tomorrow. The selection of a preferred developer is expected to be made by the council executive at the end of June.

Steve Platts, Southwark council's development and regeneration manager, said: "The public exhibition of the two shortlisted plans for Downtown marks a crucial stage in this development.