British Land Co PLC Quadrature Capital signs at Leadenhall Building (3702N)
29 January 2016 - 6:00PM
UK Regulatory
TIDMBLND
RNS Number : 3702N
British Land Co PLC
29 January 2016
Hedge fund Quadrature Capital signs at The Leadenhall
Building
British Land and Oxford Properties announce today that
investment management firm Quadrature Capital has agreed terms for
Level 33 at The Leadenhall Building.
Quadrature Capital has signed a ten year lease for the 11,000 sq
ft floor, and will relocate from its current premises at 99
Bishopsgate.
The Leadenhall Building is now 94 per cent let or under offer,
with ten companies currently in occupation across 32 floors.
Tim Roberts, Head of Offices and Residential at British Land
said: "Our leasing strategy for the building was predicated on the
variety of floorplate available, and our belief that we could
attract blue-chip occupiers to the building's upper floors post
completion. The letting to Quadrature Capital is further evidence
that our instinct was correct, and we continue to see strong demand
for the limited space still available."
Chris Carter Keall, Vice President and Head of Asset Management
at Oxford Properties said: "It is extremely pleasing to see The
Leadenhall Building now almost two thirds occupied, with just three
floors available for lease. The re-opening of the public space and
walkways has created a real sense of vibrancy at the building, and
we look forward to welcoming Quadrature Capital in the coming
months."
JLL and Cushman & Wakefield advised British Land and Oxford
Properties. REM Roberts advised Quadrature Capital.
Enquiries:
Investor Relations
Sally Jones, British Land 020 7467 2942
Media
Pip Wood, British Land 020 7467 2838
Sally Saadeh, Oxford Properties 020 7822 2844
Andrew Scorgie, FTI Consulting 020 3727 1458
Notes to Editors
About British Land
We are one of Europe's largest publicly listed real estate
companies. We own, manage, develop and finance a portfolio of high
quality commercial property, focused on retail locations around the
UK and London offices. We have total assets in the UK, owned or
managed of GBP19.7 billion (of which British Land share is GBP14.4
billion), as valued at 30 September 2015. Our properties are home
to over 1,200 different organisations ranging from international
brands to local start-ups. Our objective is to deliver long-term
and sustainable total returns to our shareholders and we do this by
focusing on Places People Prefer. People have a choice where they
work, shop and live and we aim to create outstanding places which
make a positive difference to people's everyday lives. Our customer
orientation enables us to develop a deep understanding of the
people who use our places. We employ a lean team of experts, who
have the skills to translate this understanding into creating the
right places, and we have an efficient capital structure which is
able to finance these places effectively.
UK Retail assets account for 51% of our portfolio. As the UK's
largest listed owner and manager of retail space, our portfolio is
well matched to the different ways people shop today. We are
focused on being the destination of choice for retailers and their
customers by being the best provider of spaces and services.
Comprising around 22 million sq ft of retail space across shopping
parks, superstores, shopping centres, department stores and leisure
assets, the retail portfolio is modern, flexible and adaptable to a
wide range of formats.
Our Office and Residential portfolio, which accounts for 49% of
our portfolio is focused on London. We have an attractive mix of
high quality buildings in well managed environments and a pipeline
of development projects which will add significantly to our
portfolio. Increasingly, our Offices are in mixed-use environments
which include retail and residential elements. Our 7.5 million sq
ft of high quality office space includes Regent's Place and
Paddington Central in the West End and Broadgate, the premier City
office campus (50% share).
Our industry-leading sustainability strategy is a powerful tool
to deliver lasting value for all our stakeholders. By supporting
communities, improving environments and growing economies, we
create Places People Prefer and enhance long-term returns.
Further details can be found on the British Land website at
www.britishland.com
About Oxford Properties Group
Oxford Properties Group is a global platform for real estate
investment, development and management, with over 2,000 employees
and C$37bn of real estate assets that it manages for itself and on
behalf of its co-owners and investment partners. Established in
1960, Oxford was acquired in 2001 by OMERS, one of Canada's largest
pension funds with over C$72bn in assets. Oxford has regional
offices in Toronto, London and New York, each with investment,
development and management professionals who have deep real estate
expertise and local market insight. Oxford now has approximately
C$7bn of assets under management in Europe, with a focus on core
office and high street retail assets in Central London and
Paris.
For more information about Oxford visit:
www.oxfordproperties.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRGDBSDDBGLI
(END) Dow Jones Newswires
January 29, 2016 02:00 ET (07:00 GMT)
British Land (LSE:BLND)
Historical Stock Chart
From Apr 2024 to May 2024
British Land (LSE:BLND)
Historical Stock Chart
From May 2023 to May 2024