UBS "Rogue Trader" Offices In London To Be Redeveloped -Report

Date : 09/25/2011 @ 9:49AM
Source : Dow Jones News
Stock : British Land (BLND)
Quote : 661.0  0.0 (0.00%) @ 11:29AM
British Land share price Chart

UBS "Rogue Trader" Offices In London To Be Redeveloped -Report

British Land (LSE:BLND)
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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:

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

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