THE BRITISH LAND COMPANY PLC is one of the largest property
development and investment companies in the
United Kingdom . The firm
became a real estate investment trust when REITs were introduced in
the UK in January 2007. It is headquartered in
London . It is listed
London Stock Exchange
London Stock Exchange and is a constituent of the FTSE 100
Index and a founding member of the European Public Real Estate
* 1 History
* 2 Operations
* 3 Main projects
* 4 References
* 5 External links
British Land Company was founded in 1856 as an offshoot of the
National Freehold Land Society (later
Abbey National ) formed in 1849
with the two chief architects of the freehold land movement Richard
John Bright . Both were ardent supporters of a movement to
extend enfranchisement. To qualify for a parliamentary vote it was
then necessary to be a landowner and the main object of the National
Freehold was to facilitate the acquisition of small plots of land by
the people. To do this the
British Land Co. would purchase land and
then resell it on the best terms to any customer who wanted to buy it.
With extension of the franchise this reason ceased to govern the
operation of the company, and it began to operate as a normal business
in the latter part of the nineteenth century.
In May 2005
British Land announced that it had agreed to purchase
Pillar Property Plc for £811 million in cash to boost its position in
the out-of-town retail property sector.
In 2006 Sir
John Ritblat , who had chaired the company since 1970,
stood down and was replaced by Chris Gibson-Smith.
Broadgate Estate in
As of 31 March 2016 the company owned a portfolio valued at £13.4
billion. The portfolio includes the
Meadowhall shopping centre
Meadowhall shopping centre in
Sheffield , which is one of the largest in the UK, and a large amount
of property which has been purchased from and leased back to major
retailers such as
Tesco , Sainsbury\'s ,
House of Fraser
House of Fraser and
This includes the
Broadgate Estate , one of the largest developments
London over several decades, and Regent\'s Place near Warren
Street Station .
In 2004 it received planning permission for a
Richard Rogers designed
122 Leadenhall Street (The Cheese Grater) in the City of
London . Construction of the tower, which is the third tallest
building in the
United Kingdom , began in October 2007 and was
completed in 2014.
In October 2011, the company placed in the number one position, with
135 subsidiaries, on a list of FTSE 100 companies that use tax havens
for their operations, as revealed in a database of their subsidiaries
compiled for the first time by the development charity ActionAid.
122 Leadenhall Street , opened in July 2014
* 4 Kingdom Street at Paddington
* Norton Folgate and Blossom Street
* Surrey Quays Shopping Centre
* Harmsworth Quays
* ^ A B C D "Annual Report 2016" (PDF). British Land. Retrieved 2
* ^ "
British Land on the Forbes Global 2000 List". Forbes.com.
* ^ W. C. March, The
British Land Company Ltd. Centenary Booklet
* ^ "
British Land launches Pillar bid". BBC. 23 May 2005. Retrieved
24 March 2012.
* ^ "Gibson-Smith to helm British Land". The Telegraph. London. 14
July 2006. Retrieved 24 March 2012.
* ^ Wearden, Graeme (18 September 2009). "
British Land to sell half
Broadgate stake to Blackstone". The Guardian. London. Retrieved 24
* ^ "
British Land - creating a masterplan for one of London\'s most
deprived areas". The Guardian. 26 May 2011. Retrieved 24 March 2012.
* ^ A B "
British Land pre-lets 10 floors of office space to Aon in
the Cheese Grater building". SOS News. 16 May 2011. Retrieved 24 March
* ^ Lawrence, Felicity (11 October 2011). "Third of votes cast
British Land pay report". London: The Guardian. Retrieved 11
* ^ "5
Broadgate Under Construction". Retrieved 2 October 2014.
* ^ "Paddington\'s Kingdom Street scheme to be expanded". 14 May
2014. Retrieved 2 October 2014.
* ^ "New
London Development-Blossom Street, E1". Retrieved 2
* ^ "
British Land kicks off its £1bn spending spree with Surrey
Quays stake". 4 April 2013. Retrieved 2 October 2014.
* ^ "
British Land Reaches Key Milestone in the Redevelopment of
Harmsworth Quays". 4 April 2013. Retrieved 2 October 2014.