British Land has received planning approval for its Ropemaker office development located on a 1.2 acre site in the City of London. The company acquired the site in March 2006 for £130 mln (EUR 190 mln) with planning consent for a 46,916 m[sup]2[/sup] development. British Land chose to revise the existing design to maximise the floor space and efficiency of the building. The new plan involves construction of a 55,091 20-storey building for office and retail use.
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