British Land has announced commercial property investment. This government property is ready to redevelop London’s West End’s Marble Arch House after purchasing it in partnership with The Portman Estate.
The Marble Arch House is situated in the corner of Seymour Street and Edgware road; the place will be transformed to a 5 story mixed use facility.
This is set to be 15,000 sq ft of retail space and 60,000 sq ft of West End offices while the adjoining building will consist of 10 luxurious apartments and a restaurant of 5000 square feet.
British land also said that acquisitions increase its present commercial property investment to a developing central office space for London.
It is anticipated that by year 2014, 2.2 million square feet of high profile office would come up in the city as per the programme of the organization.
Marble Arch House will provide high quality space at a time where supply would be restricted in a West End Location which is being created as asserted by Tim Roberts, the head of offices at British Land.
The focus of British Land is on creating high quality buildings set in major locations, which is the primary cause why its occupiers sign long term leases with the company.
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