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BritishLand Co PLC a Good Start to the Year

BritishLand Co PLC (LON:BLND) has today announced that reflecting continued strong leasing activity, 45% of the ERV across our committed developments at Broadgate is now let or under offer, with 63% let or under offer across the total development pipeline. We are currently on site at three buildings at Broadgate, 100 Liverpool Street, 1FA and 135 Bishopsgate, together delivering more than 1 million sq ft of space.

In addition, tech and creative businesses Onfido, Tessian, Neyber and Publica, who were under offer on a total of 43,800 sq ft at the time of our results, have now signed at 3FA. These lettings provide further evidence of Broadgate’s appeal to a broader mix of occupier and demonstrate the momentum we are building for an innovation and technology cluster at the campus.

Other recent lettings at the campus include UK-founded cybersecurity company Mimecast and boutique cinema operator Everyman at 1FA, Japanese bank SMBCE at 100 Liverpool Street, and Italian marketplace Eataly at 135 Bishopsgate.

Tim Roberts, Head of Offices said: “This is a good start to the year. These lettings are a strong endorsement of our campus strategy as well as everything we have done to evolve our offer at Broadgate. Benefiting from its proximity to some of the most exciting areas of London, as well as Crossrail, Broadgate is uniquely placed to connect innovation with finance alongside a diverse mix of food, retail and culture.”

Today BritishLand is holding a presentation and tour of its Broadgate campus for analysts and investors. No material new information will be released, and all presentations will be made available on the British Land website at 4pm today with a video replay of the event available as soon as possible.