British Land and the Blackstone Group this morning confirmed that its joint venture – Bluebutton Properties – had entered into exclusive non-binding heads of terms to construct a new building for UBS on the Broadgate Estate in the City.
The building will be developed on the site of 4 and 6 Broadgate as part of a deal to retain UBS as a key occupier on the estate.
Bluebutton Properties is a 50:50 joint venture company between
The joint venture said in a stock exchange announcement: “There can be no certainty that a binding deal will be signed: a further announcement will be made in due course.”
