Market Chatter: British Land Said to Pause London Project Development Amid Higher Costs

06:25 AM EDT, 10/23/2026 (MT Newswires) -- British Land Co. (BLND.L) is postponing the second-phase development of its Canada Water mixed-use project in London, UK, amid rising costs and sluggish sales, Bloomberg News reported Friday. People familiar with the decision told the news agency that the real estate company decided to pause the next stage of construction, following the completion of the Canada Water development's first phase of homes and offices, until market conditions improve. British Land did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)