Press releases
Bunzl Signs for British Land's York House
07/12/2007
Bunzl plc, the international distribution and outsourcing Group, has taken a lease of 9,075 sq ft on the part 3rd floor of British Land’s York House, London W1 and will be moving into their new office headquarters next spring.
Only 3,490 sq ft of office accommodation remains available on the ground floor and all retail units are now either let or under offer.
Other office occupiers who have joined British Land at York House include the Government of Singapore Investment Corporation with 33,700 sq ft and Moor Park Capital Partners with 4,800 sq ft.
York House retail occupiers include Aveda Life Style Salon and Spa, Patisserie Valerie and HSBC.
Bunzl’s operations are spread across North America, Europe and Australasia supplying a broad range of internationally sourced products to the food service, grocery, cleaning and safety, non-food retail and healthcare sectors.
Ends
Notes to Editors
· British Land is the largest UK REIT by assets (£15.9 billion) with total assets under management of £20 billion, as at September 30, 2007.
· The portfolio, focused on the growth sectors of London Offices and Out of Town Retail, has the longest leases (14.4 years) and the highest occupancy rate (99 percent) of the major UK REITs.
· Retail assets account for 56 per cent of the portfolio, 83 per cent of which is in prime out-of-town locations. Offices account for 42 per cent of the portfolio of which 99 per cent is London-based and includes a £4 billion office development pipeline coming to fruition between now and 2011.
· With sustainability at the core of its business - from community involvement in the planning process, through development, refurbishment and management - the aim is to provide attractive buildings that minimise resource use and meet the needs of occupiers today and tomorrow.
· Sustainability Briefs, Waste and Water Management Plans and Biodiversity Programmes create a seamless series of processes that ensure responsible utilisation of energy and water; reuse and recycling of waste.
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