British Land looks to offload stake in Canada Water project

British Land is seeking to sell a stake in its £3bn regeneration project in Canada Water. Morgan Stanley, the American investment bank, and JLL are running the sales process. British Land has consent to build up to 3,000 homes, two million sq ft of workspace and a million sq ft of retail, leisure and community space. It is understood that the size of the stake up for sale has yet to be finalised. British Land will continue to lead the project and Southwark Council has a 20% interest.

The Times (03/02/20)