British Land announces departure of Chief Financial Officer Lucinda Bell

London, 2017-Oct-05 — /EPR Retail News/ — British Land announces that Lucinda Bell, Chief Financial Officer, has informed the Board of her intention to stand down from the Board and leave the Company on 4 April 2018. Lucinda was appointed to the Board in March 2011, becoming Chief Financial Officer in May 2011. The Company will now commence a search for a successor and will make an announcement in due course.

Chris Grigg, Chief Executive, said: “We wish Lucinda well for the future and thank her for her significant contribution to the Company over her time at British Land. As CFO she has been instrumental in strengthening the balance sheet and reorganising our finances so we have a strong platform for the future. I am pleased that she will continue to play an active role as we prepare an orderly handover to her successor.”

Lucinda Bell said: “After a long career with British Land including the last six years as CFO, I have decided to step down and leave next year. It has been a privilege and a pleasure to contribute to the success of British Land as it has transitioned into a modern, strategically focussed REIT. I’ve thoroughly enjoyed working for such an exceptional company and with so many talented people”.

Enquiries:
Investor Relations:
Cressida Curtis
British Land
020 7467 2938

Media:
Pip Wood
British Land
020 7467 2838

Guy Lamming
Finsbury
020 7251 3801

Gordon Simpson
Finsbury

Source: British Land

British Land announces winner of its 14th annual Awards for Excellence

British Land announces winner of its 14th annual Awards for Excellence

 

London, 2017-May-31 — /EPR Retail News/ — We are proud to announce the winners of the 2017 British Land Awards for Excellence, recognising individuals and teams in our supply chain who go above and beyond to deliver our sustainability strategy and create Places People Prefer.

We received almost 170 nominations for our 14th annual Awards for Excellence from colleagues, suppliers and occupiers across our portfolio, reflecting how many people in our supply chain go the extra mile to make a positive difference. The 11 awards will be presented to the winners at a ceremony in London on 27 June 2017.

Lucinda Bell, Chief Financial Officer at British Land: “People are at the heart of our vision to create Places People Prefer – the people who promote wellbeing at our places, who connect with our local communities, design our buildings for a changing world and grow local skills and opportunities. Through our Awards for Excellence, we are delighted to celebrate the placemakers in our supply chain. A big thank you to all our suppliers and especially this year’s award winners.”

Wellbeing in offices

  • Agnieszka Pietal of Principle Cleaning at Paddington Central.
  • Aurore Vandenneste of Ultimate Security Services at 7 Clarges.

Wellbeing in retail

  • Della Penny, Bob Winston, Andy Clark, Paul Dadds and George Scoles of ABM at Drake Circus.
  • Guy Henderson, Centre Manager at SouthGate.
  • Incentive FM landscaping team at St Stephen’s.

Community

  • Dawn Osborne, Operations Manager at Meadowhall.
  • John Donald of Laing O’Rourke at Clarges Mayfair.

Futureproofing

  • Augustin Defour of Bouygues at The Hempel Collection.
  • Peter Parkinson, Operations Manager at SouthGate.

Skills and opportunity

  • Sean McCullagh and Peter Tierney of TGM Contractors at Clarges Mayfair.
  • Stuart McCulloch of McLaren and Neil Rigby of Hawkspear at New Mersey and Broughton.

Our annual Awards for Excellence winners were selected from a shortlist of our quarterly award winners by a panel of judges from across the business. Read about this year’s quarterly winners below.

Spring Award Winners Shine
03 May 2017
By James Varley, Retail Asset Manager at British Land

Thanks to the People Who Make our Places
01 Mar 2017
By Victoria Brunt, Property Management Executive at British Land

Sustainable Placemaking Superstars
19 Dec 2016
By Matthew Webster, Head of Wellbeing and Futureproofing at British Land

Thanks to our Local Champions
11 Oct 2016
By Joanne Hammond, Community Investment Executive at British Land

Additional shortlist

Well done to our other quarterly award winners who made the shortlist:

  • Alan Barker, Centre Manager at Broughton.
  • Andrea Cavanagh of The Source Skills Academy.
  • Andrew Stafford, Engineering Manager at 10 Brock Street.
  • Annarose Hearsum, Lisa MacGregor and Nicola Sinden at Whiteley.
  • Chris Skelton and the property services team at Meadowhall.
  • Colin Kemp of Westgrove at Giltbrook.
  • Dulce Franco of Portico at York House.
  • Gail Sutton, Centre Manager at Giltbrook.
  • Hammad Gilani of Mitie Security at Ealing Broadway.
  • Jack Petrie of Sainsbury’s at Eden Walk.
  • James Mead of Alive ITC across our retail portfolio.
  • Jason Cumbicus of Principle Cleaning at Marble Arch House and York House.
  • Joe Merrigan and Ronan Campbell of the security team at Lisnagelvin.
  • Lee Stone and the JP Conry Cleaning Services team at Brock Street.
  • Mark Collins of Broadgate Estates.
  • Martyn Evans of M3 Consulting at 100 Liverpool Street.
  • Melanie de Andrades at Glasgow Fort.
  • Melissa Alexandrou at 2 Kingdom Street.
  • Mick Redmond at 350 Euston Road.
  • Mike Paris and Rob Colman of ABM at Whiteley.
  • Muhammad (Mo) Faheem of Incentive Lynx Security at Ebury Gate.
  • Neil Reid of ABM at Fort Kinnaird.
  • Noemi Szolcsanyi of Portico at Regent’s Place.
  • Olajide (Ade) Adegboyega of Incentive Lynx Security at The Leadenhall Building.
  • Operations team at SouthGate..
  • Peter Skerry of Westgrove at New Mersey.
  • Philip Kanyamahane of Incentive Lynx Security at Paddington Central.
  • Rosie Glenn of Rosie Glenn Fine Art.
  • Ross Tredget, Andy Groarke and Lewis Kinneir of Carmody Groarke at Paddington Central.
  • Steve Goddard, Deputy Centre Manager at Beaumont.

Notes to Editors

About British Land

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £19.1 billion (British Land share: £13.9 billion) as at 31 March 2017 making us one of Europe’s largest listed real estate investment companies.

Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance.

Our Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of our portfolio. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 46 acre redevelopment opportunity where we have plans to create a new neighbourhood for London.

Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. Our industry-leading sustainability performance led to British Land being named a European Sector Leader in the 2016 Global Real Estate Sustainability Benchmark for the third year running.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental benefits achievements over a period of five years.

Further details can be found on the British Land website at www.britishland.com

Press Contact:
Pip Wood
British Land
020 7467 2838

Source: British Land

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British Land received its first ever Chartered Institution of Building Services Engineers Test of Time Award

British Land received its first ever Chartered Institution of Building Services Engineers Test of Time Award

 

London, 2017-Feb-09 — /EPR Retail News/ — Last night (08 FEB 2017), British Land picked up the first ever Chartered Institution of Building Services Engineers (CIBSE) Test of Time Award. This recognised energy reductions and building performance across our entire portfolio.

John Field, President of CIBSE, said: “We have seen a range of extraordinary achievements over the last ten years at these Awards, but a building can only truly be said to be high performing if it is able to achieve great results consistently over its lifetime. To reach that goal requires constant innovation, intense commitment and an organisational approach to building performance over a number of years – something that has clearly been demonstrated by the British Land team since their first win in 2012. Not only are their results stunning, but their approach has truly benefitted the industry by providing help, advice and inspiration to others looking to become more sustainable.”

Lucinda Bell, Chief Financial Officer at British Land, commented: “We’re delighted to have won the CIBSE Test of Time Award. Our energy efficiency programme has saved occupiers £13m over four years, at the same time as optimising lighting levels, air quality and temperatures for the wellbeing of people in our buildings. Thanks to our team and property management partner Broadgate Estates for helping us create Places People Prefer.”

Read Matt Webster’s blog on Standing the Test of Time

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 UK commercial property, focused on Retail and London Offices and Residential. We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

Our strategy is to create Places People Prefer. It is based on long term trends and creates a portfolio suited to current and future needs which are aligned to modern lifestyles. We employ our placemaking skills, and increasingly our mixed-use expertise to expand the appeal to a broader range of occupiers and drive long term performance.

Retail accounts for 49% of our portfolio. We create outstanding places for modern consumer lifestyles, places to shop, eat and be entertained. Comprising over 20 million sq ft of Retail and Leisure space across regional and local multi-let destinations, superstores, department stores and leisure assets, the Retail portfolio is modern, flexible and adaptable to a wide range of formats.

Office and Residential accounts for 49% of our portfolio. It comprises 7.6 million sq ft of well-connected office-led campuses and ‘campus-lite’ clusters of high quality buildings. Office campuses include Regent’s Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include The Leadenhall Building, York House, 10 Portman Square and Marble Arch House and our residential assets are at Clarges Mayfair, The Hempel Collection and Aldgate Place.

Two per cent of our portfolio is at Canada Water – a 46 acre redevelopment opportunity in our medium term pipeline to create a new mixed-use urban centre for London.

Sustainability is embedded throughout our business. Our places become part of their local communities and promote health, improve productivity and increase enjoyment. We protect asset value and generate income from energy generation and efficiency, materials innovation and flood risk reduction, and develop skills and opportunities to help local people and businesses grow.

In April 2016 British Land received the Queen’s Award for Enterprise: Sustainable Development, the UK’s highest accolade for business success for economic, social and environmental benefits achievements over the last five years.

Further details can be found on the British Land website at www.britishland.com.

Media Enquiries:
Pip Wood
British Land
020 7467 2838

Source British Land

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British Land announced successful liability management transaction

LONDON, 2015-12-4 — /EPR Retail News/ — On 24 November 2015, British Land announced a tender offer in respect of its £200 million 6.75% First Mortgage Debenture Bonds due 2020 of which £170 million was outstanding.  The deadline for that offer was 4.00pm on 1 December 2015.  Today, British Land has announced that it received tenders of approximately £110 million at benchmark Gilt +95 bps and confirms its intention to purchase all such Bonds validly tendered.  The purchase will be funded by existing committed facilities.

Lucinda Bell, Chief Financial Officer said: “This successful liability management transaction is part of our ongoing financing activity, amounting to some £900 million so far this financial year. We have seen good demand on the tender with total acceptances of £110 million, representing take-up of 65%.  Underlying earnings benefit will be around £5 million p.a. to 2020, and our weighted average interest rate will reduce by c.10 bps.”

Enquiries:
Investor Relations
Sally Jones, British Land
020 7467 2942
Media
Pip Wood, British Land
020 7467 2838
Gordon Simpson, Finsbury 020 7251 3801

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. We have total assets in the UK, owned or managed of £19.7 billion (of which British Land share is £14.4 billion), as valued at 30 September 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 finance these places effectively.

UK Retail assets account for 51% 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. 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 49% 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 7.5 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 industry-leading sustainability strategy is a powerful tool to deliver lasting value for all our stakeholders. By supporting communities, improving environments and growing economies, we create Places People Prefer and enhance long-term returns.

Further details can be found on the British Land website at www.britishland.com

SOURCE: British Land

Sarah Cary PhD promoted to Head of Sustainable Places at British Land

LONDON, 2015-10-3 — /EPR Retail News/ — Sarah Cary PhD has been promoted to Head of Sustainable Places at British Land reporting to Lucinda Bell, Chief Financial Officer. She will be responsible for ensuring that sustainability is embedded into the business through the four strategic pillars of the strategy: Wellbeing, Community, Futureproofing and Skills and Opportunity which are central to British Land’s mission to create Places People Prefer. Lucinda Bell said,’ Sarah has a wealth of expertise in this agenda and her passion and commitment will build on the significant contribution she has already made to British Land’s leadership position on sustainability.’ Sarah was previously British Land’s Sustainable Developments Executive.

Contact:
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