Daily Mail to sell London printing works
British Land is set to take possession of DMGT’s Canada Water site in South East London.
DMGT will sell its part leasehold, part freehold interest in the 14.57 acre Harmsworth Quays printing works site, and British Land will take possession in late 2013.
Commercial property company British Land already has assets in the area, including Surrey Quays Shopping Centre, a joint venture with Tesco.
In January, British Land announced plans for a £34m investment at Surrey Quays shopping centre.
Mike Rayner, Development Director, British Land, said: “The purchase of this large site adjoining our existing ownerships re-enforces our confidence in the area and demonstrates our continued commitment to the wider Canada Water regeneration and Rotherhithe.
“We look forward to working together with the London Borough of Southwark and the local community to realise the full potential of this site.”
David Dutton the Director with executive responsibility for the DMGT property said: “Canada Water has been a really good location for our printing works, it has been changes in technology that have led to the relocation out of the area and I am sure British Land will deliver a really first class scheme on the site which will benefit the local community.’’
This was posted in Bdaily's Members' News section by Tom Keighley .