6th Sep 2005 12:04
British Land Co PLC06 September 2005 6th September 2005 British Land sells 10 Fleet Place for £109.12 Million The British Land Company PLC has sold 10 Fleet Place, London EC4, part of itsLudgate Estate, to CIT for a gross price of £109.12 million. The buildingcomprises 180,000 sq.ft in 10 storeys and is held on a 999 year headlease at apeppercorn rent from Network Rail. Tenants include Scottish Widows, Kroll, DowJones, BTG and MCI Worldcom. Average length of unexpired term is 4 years and thecurrent income £6,674,000 per annum. Also at Fleet Place, British Land currently retains its holding in One FleetPlace let to Denton Wilde Sapte and has started work on its 128,000 sq.ftLudgate West development. As part of the development Ludgate Square will beimproved by substantial landscaping works. DTZ represented British Land and Strutt & Parker represented CIT. Contacts: The British Land Company PLCJohn Weston Smith Tel: 0207 467 2899Robert Bowden Tel: 0207 467 2892 FinsburyEd Orlebar Tel: 0207 251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land