Directorate Change

RNS Number : 8946E

British Land Co PLC

11 May 2017

 

The British Land Company PLC - Board Changes

The British Land Company PLC announces that Preben Prebensen will join the Board as a Non-Executive Director on 1 September 2017.  He will also become a member of the Remuneration Committee on that date.

John Gildersleeve, Chairman of British Land, commented "I am delighted that Preben will be joining the Board. His banking background and experience of senior management roles will further strengthen the diverse mix of expertise and experience on the Board. We very much look forward to him joining us."

Preben Prebensen is Chief Executive of Close Brothers Group plc.  He previously spent his career in a number of senior positions at JP Morgan over 23 years, as well as being chief executive of Wellington Underwriting plc from 2004 to 2006, and then chief investment officer and a member of the group executive committee at Catlin Group Limited.

British Land also announces that Simon Borrows who has served as a Non-Executive Director for two three-year terms, has decided not to stand for re-election at the Annual General Meeting on 18 July 2017 ("AGM"). Simon, who is Chief Executive of 3i Group plc, will stand down as a Director with effect from the conclusion of the AGM.

John Gildersleeve, Chairman said "Simon has made an important contribution to the British Land Board with his insights and business acumen.  He leaves with our thanks and good wishes". 

Preben Prebensen has no other disclosures to make pursuant to LR 9.6.13 R.

Enquiries:
Investor Relations Jonathan Rae, British Land	020 7467 2938
Media Pip Wood, British Land Gordon Simpson, Finsbury	020 7467 2838 020 7251 3801
Company Secretary Elaine Williams, British Land	020 7486 4466

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.

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 high quality standalone buildings. Office campuses include Regent's Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include 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 through energy generation and efficiency, materials innovation and flood risk reduction and we 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.

 

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