AustralianSuper has taken a half stake in London’s Canada Water, an $11 billion project that is one of the city’s most ambitious urban-regeneration endeavours yet, as the country’s largest super fund’s own real estate footprint turns increasingly global.

The $250 billion super fund has come in early on the development of the 21 hectare site in London’s Docklands, to partner with British Land project after taking a half stake in the project through a £290 million ($523 million) transaction.