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THE BRITISH LAND COMPANY PLC is one of the largest property development and investment companies in the United Kingdom
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
London
. It is listed on the 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 Association .

CONTENTS

* 1 History * 2 Operations * 3 Main projects * 4 References * 5 External links

HISTORY

The British Land
British Land
Company was founded in 1856 as an offshoot of the National Freehold Land Society (later Abbey National
Abbey National
) formed in 1849 with the two chief architects of the freehold land movement Richard Cobden and John Bright
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
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
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.

OPERATIONS

The Broadgate
Broadgate
Estate in London
London

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
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
Tesco
, Sainsbury\'s , House of Fraser
House of Fraser
and Asda
Asda
. This includes the Broadgate
Broadgate
Estate , one of the largest developments in London
London
over several decades, and Regent\'s Place near Warren Street Station .

In 2004 it received planning permission for a Richard Rogers
Richard Rogers
designed skyscraper at 122 Leadenhall Street (The Cheese Grater) in the City of London
London
. Construction of the tower, which is the third tallest building in the United Kingdom
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.

MAIN PROJECTS

* 122 Leadenhall Street , opened in July 2014 * 5 Broadgate
Broadgate
* 4 Kingdom Street at Paddington * Norton Folgate and Blossom Street * Surrey Quays Shopping Centre * Harmsworth Quays

REFERENCES

* ^ A B C D "Annual Report 2016" (PDF). British Land. Retrieved 2 April 2017. * ^ " British Land
British Land
on the Forbes Global 2000 List". Forbes.com. Retrieved 2017-04-02. * ^ W. C. March, The British Land
British Land
Company Ltd. Centenary Booklet 1956 * ^ " British Land
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
British Land
to sell half of Broadgate
Broadgate
stake to Blackstone". The Guardian. London. Retrieved 24 March 2012. * ^ " British Land
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
British Land
pre-lets 10 floors of office space to Aon in the Cheese Grater building". SOS News. 16 May 2011. Retrieved 24 March 2012. * ^ Lawrence, Felicity (11 October 2011). "Third of votes cast against British Land
British Land
pay report". London: The Guardian. Retrieved 11 October 2011. * ^ "5 Broadgate
Broadgate
Under Construction". Retrieved 2 October 2014. * ^ "Paddington\'s Kingdom Street scheme to be expanded". 14 May 2014. Retrieved 2 October 2014. * ^ "New London
London
Development-Blossom Street, E1". Retrieved 2 October 2014. * ^ " British Land
British Land
kicks off its £1bn spending spree with Surrey Quays stake". 4 April 2013. Retrieved 2 October 2014. * ^ " British Land
British Land
Reaches Key Milestone in the Redevelopment of Harmsworth Quays". 4 April 2013. Retrieved 2 October 2014.

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