16/06/2011 09:47:03

The culture secretary Jeremy Hunt has decided that the development of new City offices for UBS should go ahead.

Despite calls from English Heritage to have 1-4 Broadgate listed, British Land is now able to forge ahead with its 5 Broadgate development.

English Heritage previously said that the buildings at Broadgate Square make it “one of the most important and successful developments of its period and type, possessing special architectural and historic interest”.

If the government had agreed to list the area then plans to build the new UBS European headquarters would have had to be put on hold.

However, chief executive of British Land Chris Grigg said Mr Hunt’s decision enables Broadgate’s City offices to be developed to maintain “the sense of space and place for which it is rightly renowned around the globe”.

He added that the requirements of future occupiers will also be met by the new corporate space, which is set to comprise of 700,000 sq ft including four trading floors.

Posted by John Evans

News provided by Adfero in collaboration with Mellersh Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh Harding unless explicitly stated. 

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