Property group British Land (LON:BLND) reported a strong start to the year on Wednesday sending shares up around 1.2 percent in early trading.
The group said that 45 percent of the estimated rental value across its new developments at London’s Broadgate was let or under offer, with 63 percent of its total development pipeline let or under offer.
British Land, the UK’s second largest property group, added that tech and creative businesses Onfido, Tessian, Neyber and Publica had now signed at 3FA, demonstrating the new Broadgate development’s appeal.
“This is a good start to the year. These lettings are a strong endorsement of our campus strategy as well as everything we have done to evolve our offer at Broadgate,” Tim Roberts, Head of Offices said.
Shares in British Land are currently trading up 1.23 percent at 688.80 (0827GMT).
