British Land news and archive

British Land snaps up three UK retail parks for 94 million pounds

Shopping centre owner British Land has bought three new retail parks for a total of 94 million pounds. The British company announced Tuesday it has acquired the Capitol Retail and Leisure Park in Preston for 51.5 million pounds; Solartron Retail Park in Farnborough for 35 million pounds; and DFS, a retail warehouse in Cambridge, for 7.35 million...

Report

Leading British property owners sign ‘groundbreaking’ carbon commitment

Hammerson, British Land and Intu are among 23 leading British commercial property owners to have signed a new ‘groundbreaking’ commitment to deliver net zero carbon real estate portfolios by 2050. The Climate Change Commitment will see signatories publicly publish their own pathways to achieving the carbon target by the end of 2020. These...

Report

British Land sells 12 Sainsbury’s stores for 429 million pounds

British Land has announced it is selling 12 Sainsbury’s superstores for a total of 429 million pounds as the property giant continues to reduce its exposure to retail property. British Land announced Tuesday that it is selling the stores to Realty Income Corporation and said its shares of the proceedings will be 193.5 million pounds,...

Report

Two bosses exit British Land in executive board overhaul

British Land has announced that Tim Roberts and Charlie Maudsley are stepping down as executive directors and board members, effective from 31 March 2019, as part of an overhaul of its executive board. Roberts joined British Land in 1997, and was appointed to the board in 2006, where he had been working as the head of offices. Maudsley joined...

Management

Despite profit drop, British Land says retail assets strong

For the year to March 31, 2018, British Land Company Plc reported EPRA NAV 967 pence, up 5.7 percent; valuation up 2.2 percent with buyback contributing 15 pence. Underlying profit of 380 million pounds (510.5 million dollars), was down 2.6 percent following 1.5 billion pounds (2 billion dollars) net sales of income producing assets, in the last...

Report

Joe Browns to open debut flagship

Mail order and online fashion retailer Joe Browns is set to open its first physical store in Sheffield this autumn, as it looks to “transform into a multi-channel retailer”. Joe Browns has signed up to a 4,000 square foot unit within Meadowhall in Sheffield, which is currently undergoing major regeneration works and will launch its debut...