British Land and Tesco are pleased to announce the opening of a new £4 million, 20,500 sq ft leisure terrace comprising five restaurants and two smaller units at the 275,000 sq ft Kingston Centre in Milton Keynes which includes Giraffe's first out of town restaurant.



The extension was pre-let to high quality family restaurants Frankie & Benny's, Nando's, Chiquito, Prezzo, Giraffe and Caffé Nero. The extension is located on the southwest corner of the scheme and replaces a derelict former public house.

James Honeyman, Senior Asset Manager for British Land, said: "High-quality leisure facilities play an increasingly important role in our retail portfolio. Our investment at the Kingston Centre will enhance the overall attraction of the park and provide a family dining offer with high quality restaurants, including Giraffe's first out of town restaurant."

The Kingston Centre is located five miles south east of central Milton Keynes. The scheme is anchored by a Tesco Extra and other tenants include M&S, Next, Boots, Mothercare, Mamas & Papas, Clarks, Clintons and Costa.

The scheme's letting agents are Wilkinson Williams and Morgan Williams.

Enquiries:
Investor Relations
Sally Jones, British Land 020 7467 2942
Media
Jackie Whitaker, British Land 020 7467 3449
Emma Hammond, FTI Consulting 020 7269 9347
Pip Wood, British Land 020 7467 2942
Gordon Simpson, Finsbury Group 020 7251 3801

Notes to Editors

About British Land
British Land is one of Europe's largest Real Estate Investment Trusts (REITs). Through our property and finance expertise we attract experienced partners to create properties and environments which are home to over 1,000 different organisations and receive over 300 million visits each year. Our property portfolio is focused on the UK, in prime retail locations and London offices which attract high quality occupiers committed to long leases. We have total assets in the UK, owned or managed, of £17.1 billion (British Land share £11.2 billion), as valued at 30 September 2013. Our occupancy rate is 97% and average lease length to first break of 11 years.

UK retail assets account for 59% of our portfolio, around 80% of which are located at prime out of town sites. Comprising around 26 million sq ft of retail space across 67 retail parks, 87 superstores, 16 shopping centres and 12 department stores and 77 leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats. Our active asset management delivers space which is attractive and meets the needs of both retailers and consumers.

London offices, located in the City and West End, comprise 39% of the portfolio, which will rise to an estimated 43% on completion of current committed developments. Our 7 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.

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

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