Developments

Development Prospects

Euston Station - computer generated image of interior

North East Quarter (NEQ), Regent's Place, London NW1

A detailed planning application has been submitted for the North East Quarter of the estate to provide 384,000 sq ft of offices and over 170 residential units. The office element is designed by Wilkinson Eyre, with the apartments by Munkenbeck and Marshall.

Colmore Row, Birmingham

Following the purchase we are evolving design ideas to submit planning this year for a landmark tall building to deliver 250,000 sq ft in central Birmingham's prime office location. The team, with Hamiltons as architect, are working closely with Birmingham City Council and other stakeholders to deliver a high quality building that will be an asset to the city. The project reinforces British Land's strategy to develop in prime locations to meet market demand.

New Century Park, Coventry

The site remains substantially let to Ericsson and telent plc, but has potential for 582,000 sq ft of business space together with a further 12 acres of residential development land. Development will be brought forward on a phased basis.

Deepdale Shopping Park, Preston

Planning consent has been secured for an extension to this successful park. A restricted retail consent has been received for 45,000 sq ft, six employment units (industrial) of 22,000 sq ft, a crèche and six sheltered housing units. The consent remains conditional upon a transfer of part of the retail consent from the adjacent HUT holding. Phase I has been trading for nearly 20 years and is let to Marks & Spencer, Clarks, JJB, Next, Argos, Toy ‘R’ Us and Arcadia.

Meadowhall - The Lower Don Valley, Sheffield

This proposed mixed-use development is set to transform the area situated around the Meadowhall Shopping Centre in Sheffield.

Currently at the master planning stage, the site has potential for up to 2.15 million sq ft of residential and office accommodation, as well as mixed-use space. Proposals are being progressed for a car showroom retail facility. Planning applications and development will be brought forward on a phased basis.

Canada Water

At Canada Water, in joint venture with Canada Quays Ltd, the Company has entered into a Development Agreement with the London Borough of Southwark for the development of a major mixed-use scheme, which includes master planning 40 acres of the Rotherhithe Peninsula. A resolution to grant outline consent has been secured for the first phase, comprising 828 residential units.

Theale

Working with Countryside Properties, we are continuing to pursue a residential planning consent at Theale. Following planning refusal by the Local Authority, an Appeal has been submitted and is being processed.

Euston Station

British Land has been selected by Network Rail as its preferred Development Partner for the redevelopment of Euston Station, and a Memorandum of Understanding has been entered into. The 15 acre site has potential for over 3.5 million sq ft of mixed use development, including office, retail, residential and a new station.