British Land has bought Surrey Quays Leisure Park in Canada Water for £135m.

The acquisition completes the firms assembly strategy at Canada Water where it also owns Surrey Quays Shopping Centre and Harmsworth Quays. The combined sites cover almost 50 acres, creating one of the largest mixed use regeneration projects in London.

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British Land is 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 sq ft of office, retail, leisure, culture and residential space alongside higher educational and community uses.

(CD/JP)