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Public
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1959
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Regent's Park , London
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"http://wwwinformationdelightinfo/encyclopedia/entry/Chief_executive_officer" class="copylinks">CEO )
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715 ( 31/03/2005)
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Property
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central london real estate, retail warehouses, superstores, out-of-town shopping centres
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£0486 billion GBP ( 2004 )
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The () is one of the largest property development and investment companies in the
United Kingdom . It is headquartered in
London and traded on the
London Stock Exchange . It is a constituent of the
FTSE 100 Index .
British Land was founded in 1856. Since 1970 it has been chaired by
Sir John Ritblat , one of the best known figures in the British property sector, whos knighthood was announced in the queen's new year's honours list for 2006. In that year the portfolio was valued at £28 million. As at 30 September 2004 the investment portfolio was valued at over £11 billion and net assets were over £5 billion. Over 99% of assets by value were located in the UK, and the remainder in the
Republic Of Ireland . It made a profit after tax of £171.5 million for the year ended 31 March 2004.
More than half of the portfolio is invested in retail. This includes the
Meadowhall shopping centre in
Sheffield , which is one of the largest in the UK, and a large amount of property which has been purchased from and leased back to major retailers such as
Tesco ,
Sainsbury's and
ASDA . The other major group of assets is office property, most of which is in central London. This includes the
Broadgate Estate near
Liverpool Street Station . British Land has been involved in Broadgate, which is one of the largest development projects in London in recent decades and is still incomplete, since 1984, and after making a string of acquisitions on the estate over the years it acquired the last piece in 2003. In 2004 it received planning permission for a
Richard Rogers designed skyscraper at
122 Leadenhall Street in the
City Of London which will become one of the tallest buildings in the London if and when it is built.
In May 2005 British Land announced that it had agreed to purchase Pillar Property Plc for £811 million pounds in cash to boost its position in the out-of-town retail property sector.
