British Land has acquired Surrey Quays Leisure Park in Canada Water for £135 million.
It adds to the developer’s portfolio for the area, which also includes the Surrey Quays Shopping Centre and Harmsworth Quays, the former Daily Mail General Trust printing works. The combined sites, assembled over the last five years for a total of £250 million, cover nearly 20.2 hectares.
The developer is also working with Southwark Council on the Canada Water masterplan to create a new town centre for the area. Architects Allies & Morrison have been appointed to advise as masterplanners for the scheme, which may include office, retail, leisure, culture and residential space alongside higher educational and community uses.
Chris Grigg, Chief Executive of British Land, said: “This acquisition completes our assembly of a significant £2 billion world-class development .”
Southwark Council has given the go-ahead for the compulsory purchase of Elephant and Castle shopping centre which is due to be redeveloped…