10 dec: Din pension kan være ½ mio. kr. for dyr
13 dec: Den ultimative bil til skiferien.
10-12-2010 12:30:54

British Land submits plan for UBS' new London HQ

Relateret indhold

LONDON (Reuters) - Real estate company British Land (British Land Company PLC ORD 2) has further underlined its confidence in the City of London financial district by seeking planning consent to develop prime offices for financial services firm UBS (UBS Group AG Registered Ordina).

The project -- a joint venture between the FTSE 100-listed company and Blackstone Group (The Blackstone Group L.P. Comm) -- would see about 700,000 square feet of net floor space built, including four trading floors, at 5 Broadgate, British Land said on Friday.

UBS would be able to bring its trading operations into one building in the City, the statement said. The development, which British Land expects will cost about 344 million pounds ($541.5 million) to build, will replace 3,4 and 6 Broadgate.

JPMorgan analyst Harm Meijer estimates the project will have a development profit of about 100 million pounds.

"We expect that a significant part of this development profit will be taken once planning is granted, which is likely to be happen in late spring or early summer of next year," Meijer said in a note to clients.

By 11:20 a.m., British Land shares were down 0.7 percent at 508.5 pence, underperforming a 0.17 percent fall in the broader UK property stocks index . UBS shares fell 0.3 percent.

"This new building also represents a further stage in the successful evolution of the Broadgate office estate and the retention of one of the world's leading investment banks in the heart of the City of London," British Land said.

Chief Executive Chris Grigg said it is "vital that the City is able to meet the current and future needs of key occupiers for attractive, flexible and sustainable floorspace as financial services will be a major driver in the recovery of the UK economy from recession."

On November 12, British Land, one of London's biggest landlords, upped its bet on the prospects of the Square Mile by unveiling a 35 million pounds redevelopment of offices occupied by Royal Bank of Scotland (Royal Bank of Scotland Group P).

In October, British Land teamed up with Canada's OMERS to develop the 340-million-pounds, 610,000-square-foot Leadenhall Building.

Its nearest rivals, Land Securities (Land Securities Group PLC ORD) and Hammerson (Hammerson PLC ORD 25P), are heading back to the construction site with similar conviction, stirring fears the rush of speculative building may spawn a future depression in London office rents.

(Reporting by Daryl Loo)

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/middag: Storbankerne falder til bunds i C20 efter regnskaber

20-07-2017 11:33:47
Nordea og Danske Bank har ikke formået at stille investorerne tilfredse med deres respektive halvårsregnskaber torsdag, og derfor er de to aktier faldet til bunds og bidrager til at holde det danske eliteindeks tilbage.C20 Cap-indekset falder 0,1 pct. til 1176,18, mens der ellers er relativt godt humør på de europæiske børser. Risikoappetitten tager til efter fremgang på børserne i både Asien og U..

Danske/Jyske: Positive nedskrivninger lyser op i pænt regnskab - NY

20-07-2017 08:23:27
Det er især en sund udvikling i kundernes økonomi, der er et væsentligt element i et ganske fornuftigt regnskab fra Danske Bank.Der var dog på forhånd ventet pæne tal fra Danmarks største bank, og derfor bør aktien ikke rokke sig voldsomt i torsdagens handel på aktiemarkedet.Det vurderer aktieanalytiker Thomas Eskildsen fra Jyske Bank.- Det er et fint regnskab, og banken er inde i en ganske stabil..

Nordea/Jyske: Ser stærke nettorenteindtægter og lavere nedskrivninger

19-07-2017 14:20:46
I Nordeas regnskab torsdag vil banken følge takterne fra norske DNB, der fremlagde regnskab onsdag og nedbringe nedskrivningerne mærkbart. Det venter Thomas Eskildsen, der er senioraktieanalytiker i Jyske Markets.- DNB kom rigtig flot ud på nedskrivninger. Her har man fået lukket nogle problematiske engagementer indenfor olie og offshore. Man har restruktureret dem i andet kvartal, og de er kommer..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Pandora-aktien tager stort hop efter rygstød fra investeringsbank - NY
2
Aktier/middag: Storbankerne falder til bunds i C20 efter regnskaber
3
Nordea Q2: Skuffer tungt og udskyder beslutning om hovedkvarter
4
Danske Bank Q2: Sundere problemkunder sikrede pænt plus i kvartalet
5
Aktier/tendens: Nordea står til kursfald i generelt positivt marked

Relaterede aktiekurser

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
20. juli 2017 14:41:10
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170720.2 - EUROWEB7 - 2017-07-20 14:41:10 - 2017-07-20 14:41:10 - 1 - Website: OKAY