UK's second-biggest investment trust by market value, British Land Co., acquired Aviva Plc and other investors' assets for GBP470 million equivalent to US$707 million. British Land purchased offices, stores and land adjacent to Paddington Station. The said station was the last stop in Heathrow Express rail line.

The London-based Real Estate Investment Trust said that British Land would own 1 million square feet equivalent to 93,000 square meters of properties. This would be a portion of Paddington central's 1.6 million square feet area. It would be British Land's fourth-biggest single asset by worth.

"Bigger users who want the location just can't get space, let alone space at the sort of price that we can offer it," Chief Executive Officer Chris Grigg stated through phone.

British Land was granted with the permission to construct 355,000 square feet of workplace area on the two Paddington Central development spots. Finance Director Lucinda Bell stated that the company would also seek to get approval for the construction of as mush as 30,000 square feet of extra space.