Edition:
United States

British Land Company PLC (BLND.L)

BLND.L on London Stock Exchange

587.00GBp
2 Dec 2016
Change (% chg)

7.50p (+1.29%)
Prev Close
579.50p
Open
581.00p
Day's High
593.50p
Day's Low
580.00p
Volume
2,351,371
Avg. Vol
3,911,350
52-wk High
853.00p
52-wk Low
499.96p

Latest Key Developments (Source: Significant Developments)

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