LONDON, 2015-3-30 — /EPR Retail News/ — British Land announces that Broadgate Estates, its wholly owned subsidiary, will move its headquarters to 2 Kingdom Street, Paddington Central in July 2015. Broadgate Estates will occupy 26,150 sq ft on the second floor.
Broadgate Estates is one of the UK’s leading property management companies. It is active across retail, offices and residential and its client portfolio includes some of the most prestigious properties in the UK.
Broadgate Estates manages British Land’s office portfolio, including the 30 acre Broadgate Campus in the City of London. It has a broad client base and manages the More London and Kings Cross developments in London, amongst others. It has developed retail expertise within these larger, mixed use schemes and in addition provides property management services at Liverpool ONE, a major UK retail destination covering over 42 acres. Building on this experience, Broadgate Estates has recently assumed the property management of Drake Circus, British Land’s 425,000 sq ft shopping centre in Plymouth. On the residential side, Broadgate Estates provides a range of residential management services to clients including East Village, the former Olympic Athletes Village.
Steve Whyman, CEO of Broadgate Estates, said: “The relocation of Broadgate Estates’ headquarters to a larger space at Paddington Central reflects the very strong growth of our company’s business. British Land has ambitious plans for Paddington Central, and we are pleased to be joining the campus at this stage of its development.”
|Sally Jones, British Land||020 7467 2942|
|Pip Wood, British Land||020 7467 2838|
|Jackie Whitaker, British Land||020 7467 3449|
|Gordon Simpson, Finsbury Group||020 7251 3801|
Notes to Editors
About British Land
We are one of Europe’s largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £19.0 billion (British Land share of which is £12.8 billion), as valued at 30 September 2014. Our properties are home to over 1,000 different organisations and receive over 340 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people’s everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.
UK Retail assets account for 54% of our portfolio. As the UK’s largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across retail parks, superstores, shopping centres, department stores and leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.
Our Office and Residential portfolio, which accounts for 46% of our portfolio is focused on London. We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.9 million sq ft of high quality office space includes Regent’s Place and Paddington Central in the West End and Broadgate, the premier city office campus (50% share).
Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer.
Further details can be found on the British Land website at www.britishland.com