The new 5 Broadgate development, currently under construction for Swiss Bank UBS, has officially 'topped-out' in a ceremony earlier today. The building, which forms part of the Broadgate Estate, was designed by international architectural practice Make, and will provide 700,000 square feet of Grade 'A' office space over twelve floors. The new building will allow UBS to consolidate its London trading operations into one building.

It will also meet the highest standards of sustainability in terms of energy performance, responsible specification and procurement of materials, and the provision of facilities to support sustainable employee behaviour.

Construction, which is being managed by Mace, commenced in March 2012 and final completion is scheduled for Spring 2015. Over 5,000 jobs have been created during construction.

5 Broadgate sits at the heart of the Broadgate; a 30 acre fully managed estate in the heart of the City. Since opening, the estate has been progressively developed and now includes 16 separate buildings covering 4.0 million sq ft with a further 710,000 sq ft under development. The office buildings are set around four landscaped squares each providing an attractive working environment enhanced by restaurants, pubs, shops and health clubs. Due to its excellent location - it has been built around Liverpool Street station, the City's main transport hub - Broadgate has become a dynamic and thriving business community. With over 30,000 workers, it is home to some of the world's biggest corporations and top professional practices.

Enquiries:
Media
Andrew Scorgie, FTI Consulting 020 3727 1458
Pip Wood, British Land  020 7467 2838
Investor Relations
Sally Jones, British Land 0207 467 2942

Notes to Editors:

About British Land 
British Land is one of Europe's largest Real Estate Investment Trusts (REITs). Through our property and finance expertise we attract experienced partners to create properties and environments which are home to over 1,000 different organisations and receive over 300 million visits each year. Our property portfolio is focused on the UK, in prime retail locations and London offices which attract high quality occupiers committed to long leases. We have total assets in the UK, owned or managed, of £17.1 billion (British Land share £11.2 billion), as valued at 30 September 2013. Our occupancy rate of 97% and average lease length to first break of 11 years are among the highest of the major UK REITs.

UK retail assets account for 59% of our portfolio, around 80% of which are located at prime out of town sites. Comprising around 25 million sq ft of retail space across 69 retail parks, 89 superstores, 17 shopping centres and 13 department stores and 77 leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats. Our active asset management delivers space which is attractive and meets the needs of both retailers and consumers. London offices, located in the City and West End, comprise 39% of the portfolio, which will rise to an estimated 41% on completion of current committed developments. Our 7 million sq ft of high quality office space includes Regent's Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share). Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value.

Further details can be found on the British Land website at www.britishland.com

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