British Land climbing high, but Brexit a looming threat

British Land's developments include London's 'Cheesegrater'. Picture: Oli Scarff/Getty Images

British Land's developments include London's 'Cheesegrater'. Picture: Oli Scarff/Getty Images

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Annual profits at British Land, the company behind London’s “Cheesegrater” skyscraper, have climbed 16 per cent to £363 million, but the developer also warned of the threat of a possible Brexit.

“We remain confident in the strength of the business despite continued global macro uncertainty and the potentially adverse impact of a vote for the UK to leave the European Union,” the firm said.

Last week, Clydesdale Bank signed a 15-year lease to take up space at the Cheesegrater, officially called the Leadenhall Building.

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