Developer increase near-term pipeline, particularly in London

Paddington Central, Development Securities

British Land has increased its development pipeline, particularly in London, after the acquisition of major development opportunities in Paddington and Shoreditch.

The developer said in a trading update this morning that its pipeline of projects set to start on site within 18 months had increased by £250m to £784m.

The additional projects are mainly focused on London offices and the near-term pipeline now stands at 1.4 million sq ft.

British Land bought a majority stake in Paddington Central in July and was selected by the City of London to work up plans for 22 buildings in Shoreditch in May.