LONDON, 2015-9-11 — /EPR Retail News/ — Today (Sep 10, 2015), British Land is delighted to announce that it has won a 2015 Gold Award for reporting in line with the EPRA Sustainability Best Practices Recommendations sBPR.
This is the fourth year in a row that British Land has achieved Gold in these awards which are based on a review of public disclosure of sustainability performance of the 86 publicly listed real estate companies in the FTSE EPRA/NARIET Developed EMEA Index as of March 31 2015.
The EPRA sBPR are intended to raise the standards and consistency of sustainability reporting for listed real estate companies across Europe. As with the EPRA Financial BPR awards, those companies judged to have the best compliance with the sBPR have been given gold, silver and bronze awards.
Justin Snoxall, Head of Sustainability, British Land said, ‘This award underpins our commitment to ensure that our sustainability reporting and disclosure is accessible and transparent and has been so since we started reporting in 2002. Our reporting is also independently assured so that stakeholders can be confident that we are reporting accurately on the most material issues to our business’
|Helen Lo, British Land||07912 572619|
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 £18.9 billion (British Land share of which is £13.6 billion), as valued at 31 March 2015. Our properties are home to over 1,200 different organisations ranging from international brands to local start ups. 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 55% 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 22 million sq ft of retail space across shopping 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 45% 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 6.7 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