British Land
This coverage examines British Land’s role, strategy, and developments within the UK retail property market. Reporting highlights investment activity, retail and mixed-use developments, leasing trends, sustainability initiatives, and leadership decisions shaping its portfolio. Retail executives, property managers, and stakeholders can use these insights to understand how British Land influences and responds to changing retail and consumer landscapes.
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Dec- 2023 -6 DecemberNews
Part of Lakeside to be demolished for £200m redevelopment
Part of Lakeside shopping centre in Essex will be demolished to make space for a £200m warehouse and distribution centre, BBC News has reported. Several stores including Boots, M&S, Asda Home and Burger King will be affected by the plan and will be relocated elsewhere on the site in Thurrock.…
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Aug- 2023 -11 AugustShopping Centres
Frasers Group to open flagship Sports Direct in Sheffield
Frasers Group has taken over 180,000 sq ft of retail space in Meadowhall shopping centre, Sheffield, which includes a former Debenhams site that will be used as a Sports Direct flagship and Frasers concept store, Drapers has reported. The space in Meadowhall, which is being let by British Land, will…
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Jul- 2023 -18 JulyNews
Tesco explores freehold acquisitions to combat inflation
Tesco is reportedly looking to acquire the freeholds of more stores in order to minimise its lease liabilities and reduce its exposure to inflation, The Times has reported. According to its annual accounts, the supermarket chain now owns the freehold of 60% of its 4860-stores, an increase from 40% in…
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11 JulyProperty
British Land praises ‘winning’ retail park format ahead of AGM
British Land chief executive, Simon Carter, has said that retail parks “continue to be a winning retail format” due to their affordability, omnichannel compatibility and low capex requirements ahead of the group’s AGM. This comes as the retail park format continues to perform strongly for British Land, with occupancy reaching…
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Mar- 2023 -21 MarchProperty
British Land hails £120m in gross capital activity amid acquisitions
British Land has announced that it has made more than £120m in gross capital activity after acquiring three new retail parks and selling 50% stake of its Preston retail park. The company completed the acquisition of three high quality retail parks for a total of £94m and sold its 50%…
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Nov- 2022 -14 NovemberPeople Moves
Peel L and P retail parks appoints new director
Peel L and P retail parks has appointed Bruce Edmondson as associate director for retail development. Edmondson will be responsible for expanding and developing new opportunities across Peel’s portfolio. Edmondson has over 10 years experience in the role and has worked at some of the biggest property investment and development…
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Feb- 2022 -7 FebruaryNews
Aldi partners with British Land to open four new stores
Aldi has agreed four new leasing deals with property and investment company British land, totalling 85,000 sq ft of space. Last year, British Land identified a “clear” value opportunity in retail parks and has made £400m of acquisitions since, bringing its retail park portfolio value to £1.7bn. Aldi said it…
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Jul- 2021 -13 JulyProperty
British Land welcomes rising rent collection
British Land has announced that following the latest quarter date for rental payments on 24 June, it has recorded higher levels of rent repayment, with 85% of June 2021 rent collected to date. Retail rent collection hit 71%, 24% ahead of rent collection at the same point for the December…
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May- 2021 -26 MayShopping Centres
British Land sees portfolio value plummet £2bn
British Land has seen the valuation of its portfolio cut by £2bn during FY21, falling from £11.16bn to £9.13bn in the period. The 10.8% year-on-year decline in the group’s portfolio value was driven by a 24.7% decrease for the year ended 31 March for British Land’s retail operations. The property…
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Apr- 2021 -15 AprilShopping Centres
British Land eyes open-air retail parks
Property group British Land has unveiled plans to invest in more out-of-town retail parks as it capitalises on a click and collect strategy. The company is set to bet on a faster return of open-air locations where social distancing can be more easily managed than in covered shopping centres. In…
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