Sale of Broadgate Estates

lse:blnd

#1

Finding it difficult to get any numbers on Broadgate Estates.

Did notice in 2017 Annual Report “Our 650 employees are split between British Land and our property management business Broadgate Estates.”

And in the press release “Broadgate Estates was established in 1986 and has since grown into a team of 500 people … Approximately 160 employees are expected to transfer to Savills under the terms of this agreement.”

Hopefully this 24% reduction in staff cuts costs and helps BL focus on their own portfolio and development pipeline.