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Barclays Bank has agreed to sell 16 office buildings to Land Securities’ Trillium group. Barclays is moving London staff to a new 1m sq ft headquarters at Canary Wharf by May 2005, which will release 13 office premises. The bank will pay Land Securities to take on the commercial responsibility for the short-term leases. The deal also includes three office buildings at the Westwood Business Park in Coventry on which Barclays will take a 20-year lease back at around £20m and Land Securities will pay about £25m for the buildings. - (13-01-2005)
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Paternoster Square is to be opened to the public in mid-September and the development will be officially opened in November. The opening will be the culmination of a 15-year development saga. The site was acquired in 1986 by the Paternoster Consortium, including British Land, Unilever and Barclays Bank, and had Stanhope as the developer. However, after four changes of ownership the development has been completed by MEC (Mitsubishi Estates). - (03-09-2003)
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Barclays Bank has revealed the plans for its 30-storey headquarters tower at Churchill Place, Canary Wharf, London E14, which will accommodate 5,000 staff by 2005. The building is being designed by HOK International. Barclays has signed the final agreement with Canary Wharf Group to occupy up to 1 million sq ft of office space in the tower. The new building will be completed in late 2004 for occupation in 2005.
- (28-11-2001)
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The elements of the Canary Wharf masterplan for the Churchill Place area, also known as the 'BP 1-3' sites, which was previously intended as a group of four buildings, is understood to be under revision. The redesign will see some increases in planned floorspace. The new masterplan would include the 92,902 sq m (1 million sq ft) tower on BP1, possibly nearing a pre-let to Barclays Bank, BP2 at around 32,515 sq m (350,000 sq ft), and BP3/4 at about 69,676 sq m (750,000 sq ft). - (19-11-2001)
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Barclays Bank has confirmed that it is has reached agreement in principle with Canary Wharf Group to take a new headquarters building at Canary Wharf, London E14. The bank is to take the BP1 site at Churchill Place, at the eastern end of the scheme. The building will be about 1 million sq ft and initially 60,386 sq m (650,000 sq ft) will be occupied by Barclays, with the flexibility to move into more space as required. Design work is underway and construction of the new tower will start at the end of 2001 and is due to be occupied by Barclays in 2005. Barclays Bank is being advised by Weatherall Green & Smith. - (05-09-2001)
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British Land is now said to be the front runner to buy the 10-acre Berkeley Square estate in Mayfair W1 from the BP Pension fund. It is thought that an offer of around £300m has been made by the company that is on a shortlist of bidders that may also include the Barclay twins and Moorfield, the property group, Simon Hallabi, a Syrian-born investor, Grosvenor Estates, and the Saudi Arabian Royal family. The BP Pension fund acquired the portfolio in 1967 for around £12m. The sale is being dealt with by Richard Womack at CB Hillier Parker. It is said that unsuccessful bids have been made by Minerva, Benchmark, and Green Properties and an unnamed US investment bank. - (09-04-2001)
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