2nd Mar 2015 07:12
LONDON (Alliance News) - British Land Co PLC Monday said it has bought the Surrey Quays Leisure Park in Canada Water for GBP135 million, completing its strategy of snapping up assets in the area as part of a regeneration plan.
The property developer has now spent GBP250 million on property in Canada Water over the last five years, and is adding the leisure park to the Surrey Quays Shopping Centre and Harmsworth Quays, the former Daily Mail General Trust printing works, it already owns. The land it owns covers nearly 50 acres.
"We are working with Southwark Council on the Canada Water Masterplan to create a new mixed use town centre for the area. Architects Allies & Morrison have been appointed to advise as masterplanners for the scheme, which could include up to 7 million square feet of office, retail, leisure, culture and residential space alongside higher educational and community uses," it said.
British Land bought the leisure park from Aviva Investors.
By Steve McGrath; [email protected]; @stevemcgrath1
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