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

BLND.L on London Stock Exchange

17 Sep 2014
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3.50p (+0.50%)
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Latest Key Developments (Source: Significant Developments)

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

Orchard Street Buys Beehive Centre In Cambridge From British Land Company plc
Monday, 1 Oct 2012 02:00am EDT 

British Land Company plc announced that Orchard Street Investment Management LLP has acquired The Beehive Centre in Cambridge from British Land for GBP109.2 million.  Full Article

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