British Land Company plc ( (GB:BLND) ) just unveiled an update.
Broadgate REIT, a joint venture between British Land and GIC, has partnered with Abu Dhabi’s Modon Holding to develop a 750,000 sq ft landmark at 2 Finsbury Avenue in London. Modon enters the UK market with a 50% stake in the project, while construction is underway with completion expected in 2027. The development will feature dual high-rise towers and aims for sustainability and energy efficiency. Citadel’s significant pre-let agreement underscores the project’s strong leasing potential.
More about British Land Company plc
British Land Company plc is a UK-based commercial property company focusing on real estate sectors with strong operational fundamentals, including London campuses, retail parks, and urban logistics. It owns or manages a portfolio valued at £13.6 billion, with a focus on sustainable development and asset management to create long-term value.
YTD Price Performance: -2.22%
Average Trading Volume: 4,909,775
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.52B
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