British Land has announced fresh leadership within its senior team, to drive forward its Canada Water project.
Emma Cariaga has been appointed chief operating officer (COO), succeeding David Walker who became chief financial officer (CFO) in November last year.
Cariaga was previously joint head of Canada Water, a joint venture with AustralianSuper.
In her new role, she will oversee British Land’s property management, sustainability, digital placemaking, marketing and communications, and commercial finance functions.
She will also continue to lead the Residential business, including at Canada Water.
David Lockyer, head of development, is taking on additional responsibility for the delivery of Canada Water, alongside Roger Madelin.
Lockyer joined British Land in 2010 and became head of development in 2023.
“I’m pleased to announce Emma Cariaga as our new chief operating officer,” said Simon Carter, CEO at British Land.
“Emma has been instrumental in driving the Canada Water project to this point and will bring her extensive operational and leadership experience to her new role.”
Carter added: “With the first phase buildings nearing completion, I am delighted that David will be taking on additional responsibility for the project as part of his role as head of development.
“As the project becomes more operational, it will thrive under David and Roger’s leadership and benefit from expertise across British Land.”
Canada Water is a 53-acre development in an area of Rotherhithe in the Docklands of south-east London.
The development could deliver:
- Up to 4,000 homes
- Up to 2 million sq. ft of workspace
- 1 million sq. ft of retail & leisure
- 12 acres of open space
The first phase of buildings is due for completion in 2025.
Elsewhere, two “iconic” high-rise towers are to be built in the City of London following the formation of an international joint venture (JV) between real estate investor, Broadgate REIT, and Abu Dhabi-based holding company, Modon.
British Land and Singaporean sovereign wealth fund, GIC, will each retain a 25 per cent stake in 2 Finsbury Avenue through their equal ownership of Broadgate REIT, while Modon will own 50 per cent.
Construction is already underway with Sir Robert McAlpine appointed as main contractor.
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