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

BLND.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

British Land Company PLC completes acquisition of One Sheldon Square
Tuesday, 14 Apr 2015 02:00am EDT 

British Land Company PLC:Completes the acquisition of One Sheldon Square, Paddington Central, for 210 mln pounds from the Employees Provident Fund, Malaysia.  Full Article

British Land Company PLC announces 733 mln of JV properties exchanged with Tesco
Friday, 20 Mar 2015 03:00am EDT 

British Land Company PLC:Has completed 733 mln Pound property exchange transaction with Tesco.Under terms of transaction, British Land has sold its 50 pct interest in joint venture portfolio of 21 stand-alone foodstores to Tesco and acquired Tesco's 50 pct interest in two joint venture portfolios predominately comprising Tesco-anchored shopping centres and retail parks.  Full Article

British Land Company PLC confirms third interim dividend
Wednesday, 18 Mar 2015 08:00pm EDT 

British Land Company PLC:Declares third interim dividend for 2014/15 of 6.92 pence per share.Ex-dividend date March 26.Record date March 27.Dividend payment/CREST credit date May 6.  Full Article

British Land Company Plc acquires Surrey Quays Leisure Park
Monday, 2 Mar 2015 02:00am EST 

British Land Company Plc:Acquired Surrey Quays Leisure Park in Canada Water for 135 million Pounds from clients of Aviva Investors.  Full Article

British Land Co PLC announces 485 mln revolving credit facility
Wednesday, 25 Feb 2015 02:00am EST 

British Land Co PLC:Signs new 485 mln Pound unsecured revolving credit facility (RCF) at an initial margin of 90 bps with a syndicate of 7 banks.Says facility has maturity of five years which may extend to maximum of seven years.Says terms of facility include British Land's standard unsecured financial covenants.Facility replaces 560 mln Pounds RCF which would have matured in May 2016 and is an extension and re-pricing of the 310 mln Pounds RCF which was due to expire in May 2018.The Royal Bank of Scotland plc, Santander Global Banking & Markets, Bank of Tokyo-Mitsubishi UFJ and Barclays Bank were appointed Joint Co-ordinators and Bookrunners, and were Mandated Lead Arrangers.  Full Article

British Land Company PLC declares dividend
Tuesday, 27 Jan 2015 02:00am EST 

British Land Company PLC:Says third interim dividend payment for quarter ending Dec. 31, 2014 will be 6.92 pence per share, 2.5 pct increase on comparable period last year.Says third interim dividend will be paid on May 6 to shareholders on register at close of business on March 27.Says current issued share capital (excluding Treasury shares) is 1,019,726,112 ordinary shares of 25 pence each.  Full Article

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

UPDATE 1-Tesco regains ownership of 21 UK stores in British Land swap deal

LONDON, March 20 - Britain's biggest retailer Tesco has regained sole ownership of 21 superstores in a 733 million pounds ($1 billion) asset swap with British Land , part of new boss Dave Lewis's plan to strengthen its core UK business.

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