Floor at Marble Arch House let to Cirrus Logic

RNS Number : 0113E

British Land Co PLC

02 November 2015

 



British Land lets  first floor at Marble Arch House to Cirrus Logic

British Land has announced today that it has let the first floor of Marble Arch House, W1, to Cirrus Logic, a provider of analogue and digital signal processing equipment.  

Earlier this year British Land completed deals with private investor BXR Partners LLP and global gaming technology company GTECH to occupy the building's fourth and second floors respectively. They joined Fulcrum Asset Management, the first occupier to sign at the redeveloped building in May 2014, alongside industrial group Access Industries and NERA Economic Consulting.

British Land entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House in 2011. The scheme, designed by Bennetts Associates Architects, comprises 61,200 sq ft of office space and 15,000 sq ft of retail space. It is adjacent to ten luxury residential apartments built behind the retained period Victorian facade of 62-64 Seymour Street.

James Danby, Head of Office Leasing at British Land, said: "Marble Arch House provides high quality office space and is located in the heart of the West End.  It has successfully attracted a diverse mix of companies, and we are very pleased to have secured another high calibre occupier in Cirrus Logic."

CBRE and Cushman & Wakefield advised British Land. Bond Woodhouse advised Cirrus Logic.

Enquiries:

Investor Relations

Sally Jones, British Land                                                      020 7467 2942

Media

Andrew Scorgie, FTI Consulting                                           020 3727 1458

Pip Wood, British Land                                                         020 7467 2838

About British Land

We are one of Europe's largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London offices. We have total assets in the UK, owned or managed of £18.9 billion (of which British Land share is £13.6 billion), as valued at 31 March 2015. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people's everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 55% of our portfolio. As the UK's largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 22 million sq ft of retail space across shopping parks, superstores, shopping centres, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 45% of our portfolio is focused on London.  We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our Offices are in mixed-use environments which include retail and residential elements. Our 6.7 million sq ft of high quality office space includes Regent's Place and Paddington Central in the West End and Broadgate, the premier city office campus (50% share).

Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer.

Further details can be found on the British Land website at www.britishland.com 

 

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