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British Land has snapped up a site in Paddington where Crossrail is set to push up property and rental prices in a £210m deal. The property giant, which already owns part of the massive Paddington Central scheme, has bought One Sheldon Square, a 200,000 sq ft, nine-storey office building, currently home to Visa Europe, from a [...]
Developer British Land said yesterday it has bought the last of the sites for its £2bn regeneration project in Canada Water – paying £135m for Surrey Quays Leisure Park from Aviva Investors. The FTSE 100 developer has quietly amassed over 50 acres of land in Canada Water over the last five years and is spending [...]
British Land has said it will raise its dividend by 2.5 per cent to 6.9p per share on the back of strong trading figures for the quarter ending 31 December 2014. Total occupancy for its retail and office divisions at the end of the quarter was 97.8 per cent an increase of 0.7 percentage points [...]
A THIRD bolt has fallen off the Cheesegrater, or Leadenhall Building as it is officially known, British Land confirmed yesterday. Two large steel bolts fractured and fell off the City’s tallest skyscraper in November, while the third incident occurred recently, with the fractured bolt captured by precautionary tethering put in place after the initial breakages. [...]
British Land has revealed that two steel bolts each a metre in length have come unstuck at London's Cheesegrater skyscraper, and the building has been cordoned off to pedestrians. One part of one of the bolts fell to the ground at the side of the building but thankfully the area where it hit was already [...]
British Land has sold the site of Martha Lane Fox’s Lucky Voice karaoke bar in London for £26m. The UK’s second largest property company said yesterday it had sold the freehold of 52 Poland Street to Amazon Property – a company unrelated to the online retail giant – in order to focus on other projects [...]
BRITISH Land warned that upcoming political events such as the general election posed “increasing risks” for the property market as the FTSE 100 landlord posted a jump in profits. Chief executive Chris Grigg said yesterday that uncertainty over the outcome of the 2015 elections could put off businesses and investors from investing in the sector. [...]
British Land, the developer of the City's Cheesegrater skyscraper, has reported an 8.4 per cent jump in underlying profit before tax, to £297m, saying good portfolio decisions and improvements in the commercial property and investment markets have helped it power forward. Full-year net asset value leapt 15.4 per cent, and its UK portfolio valuation rose 8.3 [...]
BRITISH Land said yesterday it has secured another tenant at the Cheesegrater skyscraper as the property giant reported growing demand for London office space. Australian serviced office provider Servcorp has signed a deal to take the whole of the 30th floor of British Land and Oxford Properties’ development on Leadenhall Street, which is due to [...]
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