With 3 million square feet of office space, Broadgate is one of the largest office complexes built in the 80s. Completed by Lipton and Bradman in a location directly above Liverpool Street Station, it led the property boom of the 90s right up to the nationwide slump in real estate business.

As a landmark in property regeneration in the city of London, it brought fame to its builders Lipton and Bradman. However, the tragedy was that due to significant losses, Bradman had to resign from the chairmanship of the company a day after the Queen took a tour of Broadgate.

For years later, Sir John Ritblat bought out Lipton and took over the company. One of the assets acquired by British Land in the process was the Broadgate complex. It marked the ascent of British Land to the pinnacle of success in UK’s real estate market. Even today, after fifteen years of its existence, Broadgate is a jewel in British Land’s collection of offices to rent London properties. Along with 201 Bishopgate, it is a property that has never suffered any substantial dearth of tenants, not even during the recession.

However, British Land leader Chris Grigg has recently announced that all its commercial properties are for sale in order to help reduce the company’s debt burden. As a result, it is very likely that an American investment group named Blackstone will be taking over Broadgate soon. Investors of British Land have insisted that the valuation of the property be fixed at reasonably high levels given the fact that it is one of the city’s landmarks and a crown jewel in the company’s collection of real estate assets.

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