UBS "Rogue Trader" Offices In London To Be Redeveloped -Report
September 25 2011 - 9:49AM
Dow Jones News
The London offices where UBS AG (UBSN.VX) trader Kweku Adoboli
is alleged to have engaged in "rogue" trading could be knocked down
and redeveloped under plans being drawn up by British Land Co PLC
(BLND.LN) for a revamp of its Broadgate Estate office complex, the
Sunday Telegraph reported.
British Land wants to "refresh" Broadgate to coincide with the
construction of a new headquarters for UBS in 2014 and the opening
of a Crossrail station in 2018, head of offices Tim Roberts told
investors, the report said.
The newspaper said Roberts and his team are in the early stages
of drawing up plans to expand the retail and food facilities to
make Broadgate Circle plaza a "high quality" food and beverage
location.
A spokesperson for British Land couldn't be immediately reached
for comment.
Newspaper Web site: http://www.telegraph.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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