Tech recruitment firm Levin to set up London HQ at new space in 155 Bishopsgate CITY HQ British Land has signed an agreement with tech recruitment giant Levin to let its entire Storey space at 155 Bishopsgate for its new London HQ. Levin, which has had a footprint at the development since 2020, is to take up 23,000 sq ft of space, after previously leasing space on the same campus at 1 [...]
Exclusive: Second Los Mochis restaurant to open at 100 Liverpool St rooftop DINNER PLANS British Land Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. CityA.M. can reveal that the Baja-Nihon restaurant will set up shop at 100 Liverpool St at Broadgate, opening in autumn 2023. The new venue follows in the [...]
Real estate giant JLL reports record revenue for fourth quarter REAL ESTATE Real estate giant JLL has reported record revenue and fee revenue for the fourth quarter. In results published on Monday, the Chicago-based firm reported record revenue of $5.9bn and fee revenue of $2.8bn for the quarter. Revenue shot up 23 per cent while fee revenue jumped 42 per cent. The real estate and investment management [...]
British Land boosts profits as rent collection improves and demand grows November 17, 2021 Commercial landlord British Land swung to a half-year profit on improved rent collection and higher value of its office spaces and retail parks.
British Land snaps up Square Mile car park for £20m in last-mile delivery push August 26, 2021 British Land has reported £350m of capital activity including the acquisition of Finsbury Square Car Park. The property company said its acquisition of Finsbury Square Car Park for £20m was an opportunity to create a last mile logistics hub in the City. The commercial landlord exchanged on the acquisition of the Priestley Centre in Guildford [...]
British Land hails ‘notable improvement’ as restrictions ease July 13, 2021 British Land said that it had collected 99 per cent of the rent due for its offices in June as the FTSE 100 firm welcomed a “notable improvement in activity” across its markets. The property developer also said that in the seven weeks since the first lifting of restrictions, it had seen footfall and sales [...]
British Land set to buy retail parks in diversification push April 14, 2021 British Land today said it was exploring further opportunities to buy retails parks and investing more in urban logistics following a surge in online shopping. The London-listed real estate firm cited customer confidence in visiting open-air retails parks where social distancing can easily be managed. A shift in location would see British Land move away [...]
JLL commits to 134,000 sq ft HQ at British Land’s 1 Broadgate April 8, 2021 British Land has today announced that real estate giant JLL has chosen 1 Broadgate as its new HQ, describing the move as a ‘vote of confidence in London’. The real estate firm has agreed a lease for 134,000 sq ft for 15 years, representing nearly 30 per cent of the office space. JLL’s decision to [...]
British Land appoints new chief financial officer from Tesco January 19, 2021 London-based retail landlord British Land has made Bhavesh Mistry its new chief financial officer. Mistry is expected to join British Land no later than 1 August 2021. Until he joins David Walker will continue in his role as interim CFO. The incoming CFO is currently deputy chief financial officer at Tesco, a position has had [...]
British Land ‘bruised but not broken’ despite collecting less than half of rent from UK retailers January 11, 2021 British Land will emerge from the pandemic intact despite collecting less than half the rent it is owed for December, according to a City analyst.