British Land is pleased to announce that it has appointed James Rayner to its shopping centre asset management team and James Duck joins to work across the company's single let retail units.

James Rayner joins British Land from Marks & Spencer where he focused on the European store expansion programme. Prior to that, James worked at Lend Lease on its shopping centre portfolio including Touchwood in Solihull and Golden Square in Warrington, and CBRE in the Central London retail team. James will focus on British Land's London assets in Kingston-Upon-Thames, Surrey Quays and Broadgate.

James Duck will work across British Land's single let retail assets, which include the superstore portfolio. James will also have primary responsibility for the Homebase, B&Q, Virgin Active and Debenhams portfolios. James joins after seven years at DTZ working in the retail investment and valuation teams. James has also previously held roles at Tesco and GL Hearn.

Charles Maudsley, Head of Retail for British Land, said: "We are delighted to welcome James and James to the team. They both bring with them a wealth of experience and insight that will help continue to grow our retail asset management team."

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

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 of 97% and average lease length to first break of 11 years are among the highest of the major UK REITs.

UK retail assets account for 59% of our portfolio, around 80% of which are located at prime out of town sites. Comprising around 25 million sq ft of retail space across 69 retail parks, 89 superstores, 17 shopping centres and 13 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 41% 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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