Key Developments: British Land Company PLC (BLND.L)

BLND.L on London Stock Exchange

833.50GBp
23 Jan 2015
Change (% chg)

7.50p (+0.91%)
Prev Close
826.00p
Open
828.00p
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838.00p
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828.00p
Volume
3,731,470
Avg. Vol
3,271,948
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838.00p
52-wk Low
645.36p

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Latest Key Developments (Source: Significant Developments)

British Land Co PLC sells retail and office property
Thursday, 8 Jan 2015 02:00am EST 

British Land Co PLC:Says it has sold retail and office portfolio in an off-market deal to Legal & General Property for £219.6m, ahead of Sept. book value.The portfolio comprises: -.Kingswood Retail Park, Hull (sold for £58.0m, at a 5.7 pct NIY).House of Fraser, Birmingham (sold for £71.4m, at a 6.8 pct NIY).Grenfell Island office, leisure and retail block , Maidenhead (sold for £90.2m, at a 5.9 pct NIY).In addition, Green Lanes Shopping Centre in Barnstaple was sold before Christmas to private client of Rockspring Property Investment Managers for £36.1m, also ahead of Sept book value, reflecting net initial yield of 6.5 pct.Kingswood Retail Park, Hull is a freehold out-of-town retail park totalling 130,000 sq ft. It is fully let to 14 retailers for a weighted average unexpired lease term of 8.3 years.Grenfell Island, Maidenhead is a 197,500 sq ft freehold office, leisure and retail block which was completed in 2000.The 112,804 sq ft of office accommodation is let to Hutchison 3G with an expiry in Oct. 2020 and the remaining leisure and retail space is fully let until 2025.  Full Article

British Land Co PLC declares dividend
Tuesday, 18 Nov 2014 02:01am EST 

British Land Co PLC:Declares second quarter dividend of 6.92 pence per share, totalling 71m pound.Says the dividend is payable on Feb. 13, 2015 to shareholders on the register at close of business on Jan. 9, 2015.  Full Article

British Land Co PLC announces British Land cheques Metro Bank into Orpington
Tuesday, 2 Sep 2014 02:00am EDT 

British Land Company PLC:Announces that Metro Bank has signed for 5,300 sq ft unit on 25 year lease at Nugent Shopping Park in Orpington.Says bank, which is due to open in Nov. , will be company's second in Kent and first in British Land's current portfolio.Deal makes good use of relaxation in planning policy earlier in year permitting change of use from retail A1 to A2.Signing follows recent lettings at park to Card Factory and pop up restaurant concept Pizza1889.  Full Article

British Land Company PLC announces letting at Wheatley Retail Park
Tuesday, 26 Aug 2014 02:03am EDT 

British Land Company PLC:Announce that Next, and Marks & Spencer Simply Food have agreed terms for two new units at Wheatley Retail Park, Doncaster, further enhancing retail offer at this park.Next is to upsize into 23,518 sq ft with full cover mezzanine floor, on 15 year lease, whilst Marks & Spencer Simply Food will open its first store, at the park taking a 12,502 sq ft unit.  Full Article

British Land Company Plc announces sale of 52 Poland Street
Wednesday, 20 Aug 2014 02:01am EDT 

British Land Company Plc:Has exchanged on the sale of 52 Poland Street, to Amazon Property for 26 million Pounds reflecting a capital value of nearly 1,300 Pounds psf.  Full Article

British Land Company PLC announces new letting at The Leadenhall Building
Thursday, 24 Jul 2014 02:00am EDT 

British Land Company PLC:Announce signing of an agreement for Lease with leading specialist pensions insurer, Rothesay Life, for level 25 at The Leadenhall Building.Level 25 provides 13,594 sq ft of space and Rothesay Life will take a 10 year lease with an option to break after five years.  Full Article

British Land Company PLC announces first interim dividend
Wednesday, 16 Jul 2014 02:00am EDT 

British Land Company PLC:First interim dividend payment for quarter ending June 30, 2014 will be 6.92 pence per share, a 2.5 pct increase on comparable period last year.First interim dividend will be paid on Nov. 7 to shareholders on register at close of business on Oct. 3.  Full Article

British Land Co PLC approves fourth quarter dividend
Wednesday, 14 May 2014 02:01am EDT 

British Land Co PLC:Says a fourth quarter dividend of 6.75 pence per share, totalling 68 million Pounds was approved by the board on May 13 and is payable on Aug. 8 to shareholders on the register at the close of business on July 4.  Full Article

British Land Co PLC sells 78 mln Pound of retail parks
Tuesday, 29 Apr 2014 02:00am EDT 

British Land Co PLC:Sale of two retail parks in Dumbarton and Cwmbran for 78 mln Pound.James Retail Park in Dumbarton has been sold to The Legal & General Property Unit Trust for 45.75 mln Pound.Cwmbran Retail Park has been sold to UBS for 32.3 mln Pound.  Full Article

British Land Company PLC to increase share in Hercules Unit Trust
Wednesday, 5 Feb 2014 02:00am EST 

British Land Company PLC:Says it has agreed to purchase 41 mln Pounds of additional units in Hercules Unit Trust (HUT) at a price of 613 Pounds per unit, 3.8 pct below latest NAV, as part of a scheduled pre-emption process.Says it has also submitted an application to Schroder Property Managers (Jersey) Ltd, the manager of HUT, to acquire up to 35 mln Pounds of further units in HUT which have been tendered as part of this process.Says it has acquires the minimum amount of 41 mln Pounds to which it is entitled under its pre-emption rights, its share in HUT will increase to 54.2 pct from its current level of 49.2 pct.  Full Article

Britain's FTSE extends rally on bullish company updates

EDINBURGH, Nov 18 - Britain's blue-chip index edged higher on Tuesday, adding to weeks of gains after bullish updates from British Land and insurer Prudential .

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