British Land splashes £210m on Paddington Central site ahead of Crossrail arrival April 14, 2015 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 [...]
British Land buys up Surrey Quays plots in Canada Water for £135m March 2, 2015 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 [...]
Dividends on the rise at British Land as occupancy rates grow January 27, 2015 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 [...]
British Land reassures the City as Cheesegrater loses third bolt January 14, 2015 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. [...]
Cheesegrater skyscraper steel bolts broken and area is cordoned off to the public, says British Land November 5, 2014 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 [...]
Lucky Voice karaoke bar sold by British Land for £26m August 20, 2014 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 warns politics a risk to recovery May 14, 2014 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 sees profits jump but chief warns on political risks May 14, 2014 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 [...]
New tenant for British Land’s Cheesegrater January 28, 2014 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 [...]