9th Jan 2020 18:33
(Alliance News) - Property developer British Land Co PLC has had its application for an 18-storey building in the Paddington area of London rejected by Westminster City Council, the Times newspaper reported on Thursday.
The FTSE 100-listed company bought the 11-acre Paddington plot in 2013 intending to build an 18-storey "terracota" office block. However, the council rejected its plans over concerns that the building would be too high, affect views, block sunlight and look out of place, according to the newspaper.
British Land told the Times that it is "disappointed" with the council's decision and will review its options.
https://www.thetimes.co.uk/article/westminster-council-takes-wrecking-ball-to-british-land-plan-vp6rbpgdq#
Shares in the company closed 1.7% lower at 592.60 pence each on Thursday in London.
By Ife Taiwo; [email protected]
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