Quadrature Capital signs at Leadenhall Building

RNS Number : 3702N

British Land Co PLC

29 January 2016

 

Hedge fund Quadrature Capital signs at The Leadenhall Building

British Land and Oxford Properties announce today that investment management firm Quadrature Capital has agreed terms for Level 33 at The Leadenhall Building.

Quadrature Capital has signed a ten year lease for the 11,000 sq ft floor, and will relocate from its current premises at 99 Bishopsgate.

The Leadenhall Building is now 94 per cent let or under offer, with ten companies currently in occupation across 32 floors.

Tim Roberts, Head of Offices and Residential at British Land said: "Our leasing strategy for the building was predicated on the variety of floorplate available, and our belief that we could attract blue-chip occupiers to the building's upper floors post completion. The letting to Quadrature Capital is further evidence that our instinct was correct, and we continue to see strong demand for the limited space still available."

Chris Carter Keall, Vice President and Head of Asset Management at Oxford Properties said: "It is extremely pleasing to see The Leadenhall Building now almost two thirds occupied, with just three floors available for lease. The re-opening of the public space and walkways has created a real sense of vibrancy at the building, and we look forward to welcoming Quadrature Capital in the coming months."

JLL and Cushman & Wakefield advised British Land and Oxford Properties. REM Roberts advised Quadrature Capital.

Enquiries:

Investor Relations

Sally Jones, British Land                                                            020 7467 2942

Media

Pip Wood, British Land                                                              020 7467 2838

Sally Saadeh, Oxford Properties                                                 020 7822 2844

Andrew Scorgie, FTI Consulting                                                  020 3727 1458

Notes to Editors

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 £19.7 billion (of which British Land share is £14.4 billion), as valued at 30 September 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 finance these places effectively.

UK Retail assets account for 51% 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 49% 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 7.5 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 industry-leading sustainability strategy is a powerful tool to deliver lasting value for all our stakeholders. By supporting communities, improving environments and growing economies, we create Places People Prefer and enhance long-term returns.

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

About Oxford Properties Group

Oxford Properties Group is a global platform for real estate investment, development and management, with over 2,000 employees and C$37bn of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired in 2001 by OMERS, one of Canada's largest pension funds with over C$72bn in assets. Oxford has regional offices in Toronto, London and New York, each with investment, development and management professionals who have deep real estate expertise and local market insight. Oxford now has approximately C$7bn of assets under management in Europe, with a focus on core office and high street retail assets in Central London and Paris.

For more information about Oxford visit: www.oxfordproperties.com.

 

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