23rd Sep 2014 07:10
LONDON (Alliance News) - British Land Co PLC Tuesday said it has fully let the recently completed 39 Victoria Street development in Victoria, London, meaning its West End portfolio is approaching being fully let.
The property group said the letting at 39 Victoria Street follows from the lettings secured at its other West End developments. Its 10-30 Brock Street and 10 Portman Square properties are both also fully let or under offer.
The company's West End office portfolio now has a 96% occupancy rate, up from 88% at March 31, it said.
"We have continued to see good letting momentum across our London office portfolio which reflects the high quality spaces and environments we have created along with improving occupational demand. With little new product coming to market over the coming years, we are pushing forward with our near-term pipeline," said British Land Head of Offices and Residential Tim Roberts.
British Land shares were down 0.4% to 710 pence at the open on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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