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British Land submits plans for Broadgate tower

Developer British Land and investment group Blackstone have submitted plans for a new headquarters for an investment bank firm in the City of London.

The building, 5 Broadgate, will house financial services company UBS providing 65,032 sqm including four trading floors. Designed by architects Make, the building replaces 3, 4 and 6 Broadgate and includes some of UBS’ current offices.

The new building includes photovoltaics, solar thermal panels, rainwater harvesting to reduce water consumption and green roofs and terraces to increase biodiversity.

The plans include a new public route between Broadgate Circle and Sun Street Passage to provide a direct route to Liverpool Street Station and to Exchange Square. A new square with landscaping, public art and a café will provide a pedestrian route to Crown Place and the northern approach to Finsbury Avenue Square.

British Land chief executive Chris Grigg said: “It is vital that the City is able to meet the current and future needs of key occupiers for attractive, flexible and sustainable floorspace as financial services will be a major driver in the recovery of the UK economy from recession.

“These proposals meet UBS’ needs and further reinforce British Land’s confidence in the City of London and the development of the Broadgate complex. It is a sign of huge confidence in London’s status as a world financial centre that UBS has committed to building a new world class office building in the heart of the City. “

British Land and Blackstone, an American private equity firm, own the Broadgate estate.

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