The British Land Company PLC (UK)Company
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FINANCIAL WHO'S WHO, edition 2004

The British Land Company PLC

Website: www.britishland.com
E-mail:

Property investment - Asset Management - Property Development - Property Finance

Adobe AcrobatDownload PDF file of original printed version (180 KB)

51 Lime Street (development), London, UK.
The British Land Company PLC is a property investment company, with the largest portfolio of the U.K. quoted property companies, totalling € 16.1 billion of properties owned directly or through joint ventures. Its activities are concentrated on the office and retail sectors in the United Kingdom and the Republic of Ireland. For most properties it owns the freehold, reflecting the importance of the land in the value of property.
The British Land Company PLC is a property investment company, with the largest portfolio of the U.K. quoted property companies, totalling € 16.1 billion of properties owned directly or through joint ventures. Its activities are concentrated on the office and retail sectors in the United Kingdom and the Republic of Ireland. For most properties it owns the freehold, reflecting the importance of the land in the value of property.
Property investment
Most of its portfolio is directly owned and managed. The balance is held in joint ventures and partnerships, of which British Land’s share is valued at € 2,000 million. Its owned portfolio is valued at € 14,087 million, of which:

Meadowhall Shopping Centre, Sheffield, UK.
  • € 6,465 million is invested in offices, principally in London, and including the Broadgate Estate in the City of London.
  • € 6,916 million is invested in retail, with an emphasis on out-of-town locations, retail warehousing, superstores and shopping centres of which Meadowhall, near Sheffield, accounts for € 1,971 million.
  • The remaining € 706 million incorporates strategic holdings in industrial, residential and leisure properties.

Regent's Place, London, UK.
Asset Management
British Land’s principal revenue source is rental income with current net annualized rents of € 787 million, including its share of joint ventures. British Land continues to grow its rental income from active management of the portfolio.
Property Development
The development program totals 445,920 m² of new office and retail properties, with a cost to complete of € 1,124 million. Of this 83,610 m² is currently under construction which is 47% pre-let by rent.

Tesco Supermarket, Peterborough, UK.
Property Finance
British Land’s financing is risk averse with a long average debt maturity (18 years) and low average cost of debt (6.3%). On average 85% of debt is hedged against movements in interest rates.











Total Return Index
Sector Diversification
Geographical Diversification
John Ritblat, FRICS
Chairman & Managing Director

John H. Weston Smith, MA FCIS
COO

Robert E. Bowden, BSc FRICS
Property Investment Director

Graham Roberts, BA FCA
Finance Director

Sir Derek A. Higgs, BA FCA
Deputy Chairman

Dr. Christopher S. Gibson-Smith, BSc PhD, MS
Senior Independent
Non-Executive Director
Balance sheet items
Profit and loss account
Market Statistics
The British Land Company PLC
10 Cornwall Terrace, Regents Park
London, NW1 4QP
United Kingdom
Tel.: +44 20 7486 4466
Fax: +44 20 7935 5552
E-mail:
Website: www.britishland.com
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