Retail Portfolio Analyst and Investor Day
British Land Retail Portfolio Analyst and Investor Day
British Land is today holding a presentation for analysts and investors.
The event will be focused on the company's multi-let retail portfolio and will include presentations from Charlie Maudsley, Head of Retail & Leisure as well as senior members of the Retail team and property consultants CACI.
The presentations will show how our portfolio and approach is well-suited to retailer and consumer needs in today's changing retail market. Our assets are in the right places with strong catchments and are accessible, easily adapted and affordable. Our investment in data and analytics is giving us an increasingly detailed understanding of our occupiers and consumers. We are using insights to inform our decisions across the business, using a systematic approach to create the best offer, environment and services to realise the considerable potential we see in our portfolio. Our approach is already delivering results: we are outperforming on key metrics including footfall, consumer sales and total returns and we are well placed to benefit from the increasingly positive outlook for rental growth.
No material new information will be released. All presentations will be available on the British Land website at 3pm today and an audiocast of the event will be available from Friday 3 July.
Enquiries:
Investor Relations
Sally Jones, British Land 020 7467 2942
Media
Pip Wood, British Land 020 7467 2838
Gordon Simpson, Finsbury Group 020 7251 3801
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. We have total assets in the UK, owned or managed of £18.9 billion (of which British Land share 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. 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
This information is provided by RNS
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