|
British Land PLC on Thursday said it has launched the latest phase of its Broadgate Central leisure development in London’s Square Mile. Approximately 90% of the scheme is either let or under offer, with a number of ‘premium’ retail and dining tenants already signed by the London-based commercial real estate developer. The 120,000 square-foot scheme is located next to Liverpool Street Station. The area is run by the City of London Corporation, an independent municipal body whose origins pre-date the British parliamentary system. Broadgate Central is part of a wider redevelopment which began in 2020, and which British Land refers to as the Broadgate campus. It includes offices, restaurants and shops in the vicinity of the train station. Among the newer tenants are luxury florist Moyse Stevens, nail salon Townhouse and pool/dining establishment operator Poolhouse, British Land noted. Kelly Cleveland, the firm’s head of Real Estate & Investment commented: ‘The strong leasing momentum across the campus, with only one floor of office space available, increasing footfall throughout the whole week, and office utilisation back above pre-Covid levels mid-week, reflects the benefits of our campus model and Broadgate‘s enduring appeal.’ The development is also intended to support the City of London Corporation’s efforts to boost commuter and visitor traffic in the financial district. Savills PLC, CBRE Group Inc and Davis Coffer Lyons acted for British Land in relation to the scheme. British Land shares edged up 0.3% to 399.00 pence on Thursday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
