London Offices

Broadgate

Exchange Square

Exchange Square, Broadgate

Broadgate Arena

Broadgate Arena

Broadgate is the premier City of London office estate, consisting of 15 office buildings, together with the recently completed 201 Bishopsgate and the site on which we are developing The Broadgate Tower. When the Tower is completed the Estate will have increased to 4.8 million sq ft of Grade A office space – a distinctive environment for some of the world’s largest corporations and leading professional practices.

The development of Broadgate has taken place in phases, with the most recent building, 201 Bishopgate, being completed by us in April 2008. The office buildings, designed by leading architects, are all structurally independent, ranging in size from 81,000 sq ft to 410,000 sq ft and accommodate office floor plates ranging from 828 sq ft to 56,000 sq ft. Each building provides efficient working space of the highest standard. The flexibility built into the design of the buildings readily allows occupiers to change floor layouts, create additional working space or install the latest technology to adapt to changing working needs.

Broadgate has a wide range of retail outlets and excellent public transport facilities. The Estate is served by Liverpool Street station, one of the City’s major transport interchanges, which provides mainline train services and four underground lines, as well as a bus station and taxi services.

Within the Estate the buildings are set around three landscaped squares – Broadgate Circle, Exchange Square, and Finsbury Avenue Square – and the Bishopsgate Arcade. A fourth public space – the Broadgate Plaza – will be created upon completion of the Broadgate Tower later this year. Each public space creates a unique working environment for the offices, enhanced by 53 restaurants, pubs, wine bars, shops and health clubs, as well as a five star hotel. In winter the open-air ice rink in Broadgate Circle provides a focal point for spectators and skaters alike. In summer, open air events take place in the squares for the entertainment of those who work in and around Broadgate. The Estate is managed by Broadgate Estates, a wholly owned subsidiary of British Land.

Facts and figures

  • Value £2.7 billion
  • 4m sq ft office, retail and leisure accommodation
  • 15 office buildings, plus developments
  • 30 acre site
  • Approximately 30,000 employees based at Broadgate
  • Community website www.vicinitee.com
  • Freehold/virtual freehold
  • 100% owned
  • Rent passing £150m pa
  • Average office passing rent £47.10 per sq ft
  • Weighted average lease term including breaks 9.5 years, to expiry 11.7 years

British Land Occupiers include

  • ABN AMRO Holdings
  • Ambac
  • Ashurst
  • Bank of Scotland
  • Baring Investment Services
  • Calyon
  • Close Brothers
  • Deutsche Bank
  • F&C Management
  • Framlington Group
  • Henderson Administration
  • Herbert Smith
  • ICAP
  • Legg Mason
  • Lehman Brothers
  • Lehman Brothers
  • Mayer Brown
  • Norinchukin
  • RCM (UK) Ltd
  • Reed Smith
  • Royal Bank of Scotland
  • Sempra
  • Société Générale
  • Sumitomo Trust
  • Tullet Prebon
  • UBS
  • Western Asset Management

As at 31 March 2008