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

BLND.L on London Stock Exchange

728.50GBp
11:36am EDT
Price Change (% chg)

-4.00p (-0.55%)
Prev Close
732.50p
Open
731.00p
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734.50p
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726.00p
Volume
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736.50p
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Latest Key Developments (Source: Significant Developments)

British Land Company PLC Acquires 50% Stake in SouthGate, Bath for GBP101 million
Wednesday, 4 Sep 2013 02:00am EDT 

British Land Company PLC announced that it has entered into an agreement to purchase 50% of SouthGate in Bath from Multi Southgate (LP) Limited for GBP101 million. The remaining 50% is owned by Aviva Investors. The acquisition is expected to complete by the end of September. SouthGate is a new 430,000 sq ft, prime open air retail scheme next to Bath Spa railway station which forms the south east quadrant of Bath city centre.  Full Article

British Land Company PLC Announces First Interim Dividend-DJ
Wednesday, 24 Jul 2013 02:21am EDT 

Dow Jones reported that British Land Company PLC said the first interim dividend will be 6.75 pence per share, a 2.3% increase on the same period last.  Full Article

British Land Company PLC And Oxford Properties's Joint Venture Exchanges Binding Agreement For Lease With Amlin Plc
Tuesday, 21 May 2013 02:00am EDT 

British Land Company PLC and Oxford Properties announced that their 50:50 joint venture has exchanged a binding Agreement for Lease with Amlin plc for a pre-letting of 111,000 sq ft at The Leadenhall Building, London, EC3. The letting represents approximately 20% of the office space in the 610,000 sq ft tower which is under construction and on programme for delivery in mid-2014. Amlin will occupy levels 18-24 and level 45 of the 47-storey building on 20 year lease terms with tenant break options providing an average lease term of 14 years to first break. The average rent will be £62.75 per sq ft. Amlin also has options to take up further space totalling up to 36,760 sq ft. Up until September 2013 Amlin also has the option to choose not to take up a lease on level 18, which would reduce the base take to 95,000 sq ft. he Leadenhall Building is now over 51% pre-let. Occupying a prominent position opposite Lloyd's of London, it is already established on the London skyline and recognised as a new icon for the city.  Full Article

British Land Company PLC Proposes Final Dividend
Tuesday, 14 May 2013 02:00am EDT 

British Land Company PLC announced that the Board has proposed a final dividend of 6.6 pence, bringing the dividend for the full year to 26.4 pence, an increase of 1.1% contributing to a total accounting return of 4.6%. The dividend is payable on August 9, 2013 to shareholders on the register at close of business on July 5, 2013.  Full Article

British Land Company PLC Signs Digital Joint Venture with BT
Thursday, 9 May 2013 02:00am EDT 

British Land Company PLC announced that it has signed a digital joint venture agreement with BT to to find a solution to deliver wi-fi offering at a number of its open air shopping parks.  Full Article

British Land Company PLC Sells Ropemaker Place For GBP472 Million-DJ
Tuesday, 12 Mar 2013 03:19am EDT 

Dow Jones reported that British Land Company PLC said that it has sold Ropemaker Place, London EC2 to Frasia Properties S.a r.l. and Frasia Properties Subsidiary S.a r.l., for a gross sale price of GBP472 million. British Land will receive net proceeds of GBP461 million in cash from the sale after costs, 1.4% above the September 2012 book value. The proceeds of the sale will be redeployed into existing London development program.  Full Article

British Land Company PLC To Raise GBP500 Million Via 89.7Million Bookbuild Placing-DJ
Tuesday, 12 Mar 2013 03:19am EDT 

Dow Jones reported that British Land Company PLC said it plans to raise GBP500 million via a placing of up to 89.67 million new ordinary shares, with both existing and new institutional investors through a bookbuild process. Proceeds of the placing will be used to fund investment opportunities, with a focus on the Company's core sectors in London and the South East, primarily office, retail and mixed-use schemes. Morgan Stanley Securities Ltd. and Morgan Stanley & Co. International PLC and UBS Ltd. are acting as Joint Bookrunners and Corporate Brokers and Goldman Sachs International is acting as Joint Bookrunner in connection with the Placing.  Full Article

British Land Company PLC Acquires London Portfolio from Wereldhave for GBP 183.8 Million
Monday, 11 Feb 2013 02:00am EST 

British Land Company PLC announced that it has acquired a portfolio of properties in London from Wereldhave for GBP 183.8 million. The portfolio comprises Ealing Broadway Shopping Centre which has been purchased for GBP 142.5 million by way of share acquisition, representing a net initial yield of 6.9%. The portfolio also includes five retail and office properties in Baker Street, Chiswick High Road, Putney High Street Fulham Road and Great Portland Street which were purchased for GBP 41.3 million, a net initial yield of 5.0% rising to 6.1% when fully let.  Full Article

British Land Company PLC Declares Interim Dividend
Thursday, 3 Jan 2013 12:00pm EST 

British Land Company PLC announced that the second Interim Dividend for 2012/13 of 6.6p, as announced on November 20, 2012, will be a Property Income Distribution (PID), and is payable on February 15, 2013, to shareholders on the record date on january 11, 2013.  Full Article

British Land Company PLC Announces Board Changes
Tuesday, 20 Nov 2012 02:00am EST 

British Land Company PLC announced that Chris Gibson-Smith will be stepping down from the Board on December 31, 2012 on conclusion of his second three-year term as Chairman and will be succeeded, with effect from January 1, 2013, by John Gildersleeve. John joined British Land as a Non-Executive Director in 2008 and is currently Senior Independent Director.  Full Article

BRIEF-British Land bumps up stake in Hercules Unit Trust

Feb 7 - British Land : * Has received its allocation of units in Hercules unit trust * Agreed to purchase £66.8 million of units at £613 per unit, 3.8% below latest

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