TIDMBLND
RNS Number : 7519U
British Land Co PLC
08 April 2021
8(th) April 2021
British Land secures 134,000 sq ft pre-let to JLL at 1
Broadgate
British Land is pleased to announce that JLL has chosen 1
Broadgate for its new UK flagship office. JLL, a global real estate
services firm, has signed an agreement for lease for 134,000 sq ft
on a 15 year term, representing a pre-let of nearly 30% of the
office space.
The building comprises 546,000 sq ft of some of the highest
quality, most sustainable mixed-use space in London, including
498,000 sq ft of best-in-class workspace, 47,000 sq ft of roof
terraces and 48,000 sq ft of retail and leisure space. Enabling
works are already underway with demolition due to start May
2021.
JLL's decision to be based at 1 Broadgate reflects their clear
ambitions to be a net zero carbon business and aligns to British
Land's own net zero commitments. This building will be the most
energy efficient British Land has ever delivered, targeting a base
build operational efficiency of c.55 kWheq per m2 already ahead of
the company's 2030 energy intensity targets for new developments.
The building will target a BREEAM Outstanding rating, which has
recently been achieved at British Land's 100 Liverpool Street. 1
Broadgate will target the WELL Platinum rating for wellbeing to
achieve industry leading standards for air quality, water and
light, and will be designed to support employee engagement and
productivity. It will also be SMART enabled to analyse and optimise
operational performance.
JLL will move into the flagship location following completion of
1 Broadgate in 2025. The new office will cover three floors and
have its own dedicated entrance. The move demonstrates JLL's
conviction that modern, high quality and sustainable office space
has an important role to play in promoting innovation,
collaboration, training and culture.
The redevelopment of 1 Broadgate follows British Land's recent
commitment to the development of nearby Norton Folgate and
demonstrates further strong progress against the priorities the
company set out for the business in November.
Simon Carter, CEO, British Land said: "We are thrilled that JLL
has chosen this fantastic building for its new UK flagship office.
The move is a real vote of confidence in London, a further
endorsement of our campus strategy, and of Broadgate's status as a
world class, mixed use destination. This news follows the
successful delivery of 1FA, 135 Bishopsgate and, most recently, 100
Liverpool Street, and marks the start of the next phase of our
Broadgate masterplan.
"Our shared ambitions with JLL, particularly around
sustainability, demonstrate the true value of working in
partnership with our customers to deliver best in class workplaces
for the future."
Stephanie Hyde, UK and Ireland CEO at JLL, added: "Throughout
this unprecedented time we have worked closely with clients and our
own people to develop and evolve workplace strategies. 1 Broadgate
will be central to our plan as we recognise the importance that
offices play in collaboration, innovation and fostering culture and
wellbeing.
"Working in partnership with British Land, we have a real
opportunity to achieve one of the most sustainable and
technologically advanced workplaces in the UK. The campus excels in
the connectivity and amenities, providing our people and clients
with a vibrant, dynamic and collaborative space. 1 Broadgate will
enable us to significantly push the boundaries to enhance
productivity, improve wellbeing and support a wider community
through British Land's approach to managing the Broadgate campus
and its Community Framework."
Enquiries:
Investors & Analysts:
David Walker 07753 928 382
Joanna Waddingham 07714 901 166
Media:
Charlotte Whitley 07887 802 535
About British Land
Our portfolio of high quality UK commercial property is focused
on London Offices and Retail around the UK. We own or manage a
portfolio valued at GBP13.7bn (British Land share: GBP10.3bn) as at
30 September 2020 making us one of Europe's largest listed real
estate investment companies.
Our strategy is to provide places which meet the needs of our
customers and respond to changing lifestyles - Places People
Prefer. We do this by creating great environments both inside and
outside our buildings and use our scale and placemaking skills to
enhance and enliven them. This expands their appeal to a broader
range of occupiers, creating enduring demand and driving
sustainable, long term performance.
Our Offices portfolio comprises three office-led campuses in
central London as well as high quality standalone buildings and
accounts for 65% of our portfolio. Our Retail portfolio is focused
on retail parks and shopping centres, and accounts for 31% of our
portfolio. Increasingly our focus is on providing a mix of uses and
this is most evident at Canada Water, our 53 acre redevelopment
opportunity where we have plans to create a new neighbourhood for
London.
Sustainability is embedded throughout our business. Our places,
which are designed to meet high sustainability standards, become
part of local communities, provide opportunities for skills
development and employment and promote wellbeing.
Further details can be found on the British Land website at
www.britishland.com
About JLL
JLL (NYSE: JLL) is a leading professional services firm that
specializes in real estate and investment management. JLL shapes
the future of real estate for a better world by using the most
advanced technology to create rewarding opportunities, amazing
spaces and sustainable real estate solutions for our clients, our
people and our communities. JLL is a Fortune 500 company with
annual revenue of $18.0 billion, operations in over 80 countries
and a global workforce of more than 93,000 as of December 31, 2019.
JLL is the brand name, and a registered trademark, of Jones Lang
LaSalle Incorporated. For further information, visit jll.co.uk.
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