British Land : Serves Up Costa Across Six More Assets

British Land is pleased to announce that it has agreed separate deals with Costa Coffee at six of its retails parks as part of its strategy to increase the food and leisure offer across its UK retail portfolio.

Costa has taken a combined total of 10,828 sq ft of space to deliver terrace units at Orbital Shopping Park in Swindon, Mayflower Retail Park in Basildon and Hercules Unit Trust's Valentine Retail Park in Lincoln. A pod has been installed at Lion Retail Park in Woking, and a drive thru is now open at Cuckoo Bridge Retail Park in Dumfries. Costa has also expanded into an adjacent unit at Forster Square Retail Park in Bradford. 

John Maddison, Head of Retail Park Asset Management for British Land, said: "These additions help us deliver a broader offer to customers, enhancing the appeal of our assets, and helping to ensure they remain locally preferred."

British Land was represented by Harvey Spack Field, Wilkinson Williams, Coates & Co and CWM.

Notes to Editors

About British Land
We are one of Europe's largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £17.8 billion (British Land share of which is £12.0 billion), as valued at 31 March 2014. Our properties are home to over 1,000 different organisations and receive over 300 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people's everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 53% of our portfolio. As the UK's largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across 66 retail parks, 85 superstores, 15 shopping centres, 12 department stores and 77 leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 47% of our portfolio is focused on London, We have an attractive mix of high‑quality buildings in well‑managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.3 million sq ft of high quality office space includes Regent's Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share).

Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer.