British Land snaps up another piece of Paddington with £210m Visa Europe dealComments Off on British Land snaps up another piece of Paddington with £210m Visa Europe deal
It has bought the 200,000 square feet One Sheldon Square from the Employees Provident Fund, Malaysia.
The deal comes nearly four months after property agent Savills was hired to sell the property, and five years after EPF bought it for £150 million.
British Land has been buying up land in the area since 2013, giving it power to create a new masterplan for Paddington Central, including new shops and offices.
It now has over 1 million square feet of existing and potential development space in Paddington.
Tim Roberts, head of offices at British Land said: “Paddington Central is full and we are progressing our vision to create a more attractive and engaging environment which better meets the changing needs of our customers.
“One Sheldon Square is a strategic piece of the campus which helps us to achieve our vision.”