British Land, the UK's second largest REIT, said that the Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International have signed a pre-letting agreement for up to 38% of its new 586,000 sq ft Ropemaker office development in the City of London, EC2. The 20-storey office building will achieve practical completion in early summer and will see the Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International take 186,517 sq ft accommodation across nine floors with options for a further 42,654 sq ft.
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