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May 5, 2010
British Land Plans To Build New HQ For UBS
Bluebutton Properties, the property company’s joint venture with private-equity house Blackstone, has entered into exclusive, though not yet binding, heads of terms to construct a new building for the bank at the Broadgate Estate.
The announcement represents a boost for British Land, after concerns UBS, its biggest tenant at the estate near Liverpool Street Station, might leave in 2014 when it reached break clauses in its rents.