The Daily Mail is selling off printing property in SE London to British Land, who will secure the land in 2013.
The newspaper will be relocating its printing operations from the site, Canada Water in Harmsworth Quays, to a new location in Thurrock.
“Canada Water has been a really good location for our printing works,” says Property Director, David Dutton. “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.”
British Land already owns several large tracts of commercial property in the area, including the Surrey Quays Shopping Centre which it plans to refurbish and expand as part of a £34 million investment.
“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,” British Land Development Director, Mike Rayner, told the press.
“We look forward to working together with the London Borough of Southwark and the local community to realise the full potential of this site.”