British Land squeezes a bit more out of UBS

Swiss banking giant UBS moved a step closer to occupying a new bespoke building in the heart of London's financial district after thrashing out a few fine details over leasing agreements with property owner British Land.

Swiss banking giant UBS moved a step closer to occupying a new bespoke building in the heart of London's financial district after thrashing out a few fine details over leasing agreements with property owner British Land.

Real estate investment trust British Land said development of the 700,000 square foot (sq ft) building at 5 Broadgate, close to Liverpool Street station, can now go ahead, after the remaining outstanding conditions on the pre-let agreement with future tenant UBS were satisfied.

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