In London alone, the developer has committed £1.6bn to construction developments across six separate sites including a 700,000 sq ft building for UBS at Broadgate, the 610,000 sq ft Leadenhall Building in London's insurance district and the 500,000 sq ft NEQ building in Regent's Place.
Chief executive Chris Grigg said: "British Land has had a very active year. We have again outperformed the market and there is real momentum in the business. We have made a significant commitment to London office development and also continued to build on our high quality retail portfolio. Our strong letting performance across our portfolio shows clearly that there is still demand from occupiers for the well-located prime retail and London office assets we provide and we expect this to continue. With our strong asset base, management expertise and financial strength we are well placed to continue our strong performance."
Chairman Chris Gibson-Smith added: “While, as a nation, we have moved from 'recession' to the 'age of austerity', consumers are still shopping and good businesses are looking to grow.”
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