Commercial Property News

British Land confirms Ropemaker Place letting

Financial services firm Macquarie Group is set to take over commercial property space at British Land's Ropemaker Place development in London.

The real estate company said that it has reached an agreement that will see Macquarie take 217,000 sq ft of space in the building.

As a result, almost 80% of the office business property that is available at the site is now let, with Mitsubishi UFJ Securities, Bank Tokyo-Mitsubishi and Mint Equities among the other firms currently renting offices there.

Chief executive of British Land Chris Grigg said that the company is "delighted" with the deal.

"This letting further demonstrates the quality of our development portfolio and our commitment to working with major City occupiers," he remarked.

Ropemaker Place was completed by the firm in May of last year.

Located close to Moorgate, the 20-storey, 603,000 sq ft structure was designed by Arup Associates and features two trading floors at its lower level.ADNFCR-2842-ID-19602403-ADNFCR

Mon, 8th Feb 2010

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