British Land : Further leasing activity and Analyst and Investor event at Broadgate

20 Jun 2018

British Land is pleased to announce that reflecting continued strong leasing activity, 45% of the ERV across our committed developments at Broadgate is now let or under offer, with 63% let or under offer across the total development pipeline. We are currently on site at three buildings at Broadgate, 100 Liverpool Street, 1FA and 135 Bishopsgate, together delivering more than 1 million sq ft of space.

In addition, tech and creative businesses Onfido, Tessian, Neyber and Publica, who were under offer on a total of 43,800 sq ft at the time of our results, have now signed at 3FA. These lettings provide further evidence of Broadgate's appeal to a broader mix of occupier and demonstrate the momentum we are building for an innovation and technology cluster at the campus.

Other recent lettings at the campus include UK-founded cybersecurity company Mimecast and boutique cinema operator Everyman at 1FA, Japanese bank SMBCE at 100 Liverpool Street, and Italian marketplace Eataly at 135 Bishopsgate.

Tim Roberts, Head of Offices said: 'This is a good start to the year. These lettings are a strong endorsement of our campus strategy as well as everything we have done to evolve our offer at Broadgate. Benefitting from its proximity to some of the most exciting areas of London, as well as Crossrail, Broadgate is uniquely placed to connect innovation with finance alongside a diverse mix of food, retail and culture.'

Today British Land is holding a presentation and tour of its Broadgate campus for analysts and investors. No material new information will be released, and all presentations will be made available on the British Land website at 4pm today with a video replay of the event available as soon as possible.

About British Land

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £18.2 billion (British Land share: £13.7 billion) as at 31 March 2018 making us one of Europe's largest listed real estate investment companies.

Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles - Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance.

Our Retail portfolio is focused on Regional and Local multi-let centres, and accounts for 48% of our portfolio. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 49% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 53-acre redevelopment opportunity where we have plans to create a new neighbourhood for London.

Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. Our industry-leading sustainability performance led to British Land being awarded a five-star rating in the 2017 Global Real Estate Sustainability Benchmark for the second year running.

In April 2016 British Land received the Queen's Award for Enterprise: Sustainable Development, the UK's highest accolade for business success for economic, social and environmental achievements over a period of five years.

Further details can be found on the British Land website at www.britishland.com.

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