£100m office development earmarked for London

Office design news from Morgan Lovell

Published on 29-04-2010

A new £100 million office development has been proposed by British Land for London.

The real estate investment company has unveiled plans for the construction of 139,000 sq ft of new, modern office design space at 2-14 Portman Square in the capital, situated just off Oxford Street - one of the main shopping areas of the city.

British Land also announced it will be partnering property investment firm McAleer & Rushe in the project.

Eamonn Laverty of McAleer & Rushe, said: "By working with British Land we have brought together a wealth of London office development and construction experience which we believe will produce one of the best office buildings in the coming market."

British Land presently owns assets across the UK valuing more than £12.7 billion in total. Its property portfolio is made up of approximately 67 per cent retail assets and 31 per cent central London office space.

Posted by Paul Kelly.