Prospective schemes include five major commercial developments and nine retail schemes across the country where planning is currently in progress.
British Land said its third quarter results had been boosted by “further progress made on fixing construction costs.”
The firm added: “Within the office development programme just over 70% of our total construction costs have now been contracted and a further 16% tendered.
“By committing to schemes early we have succeeded in securing contracts at attractive levels and ahead of our original expectations.”
The future schemes are:
| Prospective Developments | |||||||||||||||||
| At 31 December 2011 | BL Share
% |
Sq ft
‘000 |
|||||||||||||||
| Offices: | |||||||||||||||||
| 39 Victoria Street | 100 | 90 | Pending | ||||||||||||||
| 6-9 Eldon Street | 100 | 33 | Pre-submission | ||||||||||||||
| Colmore Row | 100 | 280 | Detailed | ||||||||||||||
| Meadowhall Metropolitan | 100 | 2,200 | Outline | ||||||||||||||
| New Century Park | 50 | 1,000 | Outline | ||||||||||||||
| Total Offices | 3,603 | ||||||||||||||||
| Retail: | |||||||||||||||||
| Fort Kinnaird, Edinburgh | 21 | 93 | Planning pending | ||||||||||||||
| Glasgow Fort, Glasgow | 41 | 185 | Detailed planning consent | ||||||||||||||
| Kingston Centre, Milton Keynes | 50 | 21 | Detailed planning consent | ||||||||||||||
| Broughton Park, Chester | 41 | 54 | Planning pending | ||||||||||||||
| Surrey Quays | 50 | 100 | Planning pending | ||||||||||||||
| Power Court, Luton | 100 | 200 | Planning pending | ||||||||||||||
| Superstore Extensions | 50 | 99 | Board Commitment to Fund | ||||||||||||||
| Deepdale Retail Park, Preston | 21 | 76 | Planning pending | ||||||||||||||
| Meadowhall Surrounding Land | 50 | 142 | Planning pending | ||||||||||||||
| Total Retail | 970 | ||||||||||||||||
| Total Prospective | 4,573 | ||||||||||||||||
