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British Land’s UK1 bln boost for London property market

Posted on 13 March 2013

The London property market received a huge boost today as one of the capital’s biggest landlords, British Land, raised £1 billion to spend on acquisitions and new developments. The country’s second largest property company tapped its shareholders for £500 million through a share placing and sold Ropemaker Place in the City for £472 million.
“It’s very good news for London,” said Chris Grigg, chief executive of British Land. “We’ve got a lot of interest in the share placing and confirmation from shareholders that this is exactly the type of thing they want to see British Land doing.”……………………………………….Full Article: Source


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