British Land it has bought Surrey Quays Leisure Park in Canada Water for £135m from clients of Aviva Investors.
The developer already owns Surrey Quays Shopping Centre and Harmsworth Quays, the former Daily Mail General Trust printing works. It has now spent more than £250m over the past five years to assemble nearly 50 acres, creating one of the largest mixed use regeneration projects in London.
Canada Water is one stop west from Canary Wharf and two stops east from Lonodnn Bridge on the Jubilee Line.
British Land is working with Southwark Council on its Canada Water Masterplan to create a new mixed use town centre for the area. Architects Allies & Morrison have been appointed to advise as masterplanner for the scheme, which could include up to seven million square feet of office, retail, leisure, culture and residential space alongside higher educational and community uses.
Chief executive Chris Grigg said: "This acquisition completes our assembly of a significant £2bn world-class development opportunity in the heart of one of London's major regeneration zones. We look forward to continuing our partnership with Southwark Council to create a vibrant new mixed use office, retail and residential campus for Canada Water including a new town centre."
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