British Land completes London office sale

Office design news from Morgan Lovell

Published on 03-04-2009

The British Land Company has announced the sale of 2-3 Triton Square, Regent's Place, London for a consideration of £115 million.

In total, the building offers 200,000 sq ft of grade A office interior space and is currently let in its entirety to building and property developer Abbey.

The firm holds a lease on the property until 2022 and at present pays an annual rent of £8.68 million.

Tim Roberts, director of British Land and head of offices, said: "We remain committed to Regent's Place and will complete our latest, high-class office developments - Regent's Place One and Regent's Place Two - later this year."

Elsewhere in the capital, Middle East-based real estate company Landmark Properties has announced that it is to open a new UK office.

The firm noted that the fall in the value of sterling has led to a number of opportunities for overseas investment and the company is setting up this London office to take advantage of that fact.