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LATEST NEWS & EVENTS British Land set to secure commercial property  British Land has announced its plans to develop the Leadenhall licensed property in London alongside Oxford Properties. The two companies have agreed heads of terms for a joint venture that will accrue building costs of £340 million, with both companies claiming a stake of 50 per cent. Construction of the Leadenhall building will begin after the construction tender procedure, which is scheduled for January 2011 and both companies are set to finalise their contractual agreement by the end of this year. Planning consent has also been provided and provisional basement works have already been finished. Meanwhile, the British Property Federation (BPF) advised ministers earlier this month that a healthy property industry is "vital" for Britain's successful economic recovery. BPF has also advised the government on several new incentives that could help to guarantee stability in the property sector. These include a further localisation of business rates, new incentives for development and methods to restore empty property rate relief. Posted by Gaby Hamerton 
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