17th Jan 2007 15:47
British Land Co PLC17 January 2007 PRIME BIRMINGHAM CITY OFFICE DEVELOPMENT SECURED British Land is expanding its provincial development portfolio with the additionof the former Nat West building in Colmore Row, Birmingham. This prime city office site, located in the heart of Birmingham, was sold withvacant possession by Omega Land for £25 million. British Land has appointed the architects Hamiltons to work with it to design anew high quality signature office building on what is widely believed to be thebest office development site in central Birmingham. Robert Samuel, Director of British Land Developments, said: "We have anestablished portfolio of development sites in the Midlands including BlytheValley Business Park, Solihull and New Century Park, Coventry. We are pleased tohave acquired this prime City centre site and are looking forward to workingwith Birmingham City Council and the local community to develop an iconic andattractive addition to Birmingham's office skyline." Councillor Ken Hardeman, Cabinet Member for Regeneration, Birmingham CityCouncil, said: "Whatever form it takes, I am sure that the scheme will be of thehighest quality to reflect our aspirations for this prominent site in the heartof our civic and commercial area. I look forward to working with British Land todeliver a landmark scheme which will enhance Birmingham's reputation as a globalcity." Savills advised British Land. Notes to Editors: •British Land is Europe's largest quoted property company with assets valued circa £20 billion. •The £5.6bn office portfolio, the UK's largest, represents 35% of total assets - 41% pro-forma for developments •British Land also has the biggest London office development programme with over 3.5 million sq ft coming to fruition between now and 2010. January 17, 2007 Media enquiries: Laura De Vere,Director Corporate Communications, The British Land Company PLCtel: 020 7467 2920 / mobile: 07739 292920 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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