AustralianSuper completed the acquisition of a 50% stake in Canada Water Masterplan from British Land Company $367m.

AustralianSuper, an industry fund, completed the acquisition of a 50% stake in Canada Water Masterplan, a retail and commercial property project in England, from British Land Company, a UK-based property company, $367m. “We are delighted to be working with AustralianSuper on this exciting development to deliver a new urban centre for London at Canada Water. The investment by AustralianSuper, who have extensive experience investing in major regeneration schemes, is testament to the strength of British Land’s reputation and best in class development and operational platform. This new partnership enables us to move faster, delivering new homes and workspace, creating new opportunities for local people and delivering value for our shareholders," Simon Carter, British Land CEO.