British Land plans $724 million London office-acquisition spree

05/18/2010 | Bloomberg

British Land is planning to invest $724 million in London office property. The U.K. investment trust is hoping to capitalize on what is shaping up to be a lack of supply in London's central-office district. "People including us see a shortage of new product in the London market in 2013, so this is timed specifically to address that gap," CEO Chris Grigg says.

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