The Madaen Group Holding announced on Friday the launch of a joint project with Brudgate REIT for the development of the 2 Finsbury Avenue project on an area of 750,000 square feet in the Broadgate area of London. This project is the first step for Madaen Group to enter the UK market as part of its international expansion strategy.
The project location in the Broadgate area, which is situated in the heart of London, will add a new element to the urban landscape. British Land will be responsible for managing the development process and managing the project's assets. Madaen Group will own 50% of the project, while British Land and GIC will each hold 25% through their company Brudgate REIT.
