Places People Prefer Latest News Third Quarter Trading Statement “British Land has had a positive quarter reflecting the strong positioning of our portfolio and our engagement with occupiers and consumers. We have completed over 400,000 sq ft of lettings across the business and are progressing discussions with a broad range of occupiers. Retail footfall and sales growth continue to outperform industry benchmarks and we have made further disposals of non-core assets and residential units ahead of valuation. The business is well placed; we remain mindful of potential headwinds going forward.” Chris Grigg, Chief Executive Click here to read the press release
Sale of 29 Apartments at Aldgate Together with JV partner Barratt, we have recently completed the bulk sale of 29 apartments at Aldgate. This transaction leaves one penthouse apartment remaining in the first phase of this development, which included 154 private apartments, 150 affordable housing units and a 160-room hotel which was successfully pre-sold. Construction of the private residential element completed in November 2016.
Understanding our Customers
In 2016 we conducted 45,000 exit interviews across our 44-strong multi-let retail portfolio, ensuring we understand the changing way customers live their lives and respond to what they want from our Regional and Local centres.
Click and Collect Spend to Double by 2021 Our ‘True Value of Stores’ report, which measured the role of stores in an omnichannel age, has been downloaded over 600 times in the six months since launch. It shows that 89% of all UK retail sales involve a physical store. Under-35-year-olds use stores most, Londoners are most likely to visit a store and click & collect and online sales browsed in store boost UK store sales by 5%, increasing to 9% if excluding Food & Grocery. Looking forward it suggests click & collect spend will double by 2021 and retailers offering a seamless omnichannel experience are likely to outperform. Click here to download
Our Places Working with Hull, the 2017 UK City of Culture Our Regional retail centre, St Stephen’s, is proud to be a Business Partner for Hull as it becomes UK City of Culture 2017. St Stephen’s will be at the heart of a game-changing year for Hull, which will deliver transformative cultural activity throughout 2017, celebrating the city’s people, history and geography.
Seeing the Light at our Campuses Broadgate, Paddington Central and Regent’s Place are home to an exhibition called ‘Seeing The Light: Long Exposure Light Painting’, featuring works by light artist and photographer Andrew Whyte. Whyte's contemporary long exposure light paintings showcase architectural settings and empty urban environments.
Smooth Moves at 4 Kingdom Street We are trialling ‘Smooth Landings’ at 4 Kingdom Street a collaborative approach between teams who design and construct a new building, and organisations which occupy and operate it after completion. Read Tim Haddon’s blog here
On Site at 100 Liverpool Street Work has started at 100 Liverpool Street, our 520,000 sq ft office and retail development at the entrance of Broadgate. Initial works began in the retail mall over Christmas and hoardings are now going up. The redevelopment is part of wider plans to create a vibrant, mixed use London destination at Broadgate and is expected to attract a diverse range of occupiers. It includes an additional 90,000 sq ft of retail and food and beverage space and will complete in 2019 just after the arrival of Crossrail. Chris Grigg blogs on our plans here
Ann Cadman OBE Retires
Ann Cadman OBE is retiring from The Source, our retail skills academy at Meadowhall, Sheffield, which we set up in partnership with Sheffield City Council in 2003 and which Ann has led since its foundation. Ann has helped build a national reputation for excellence in retail and customer service training. The award-winning academy has greeted over a million training and conference visitors, trained 7,000 apprentices and trainees, found work for over 4,000 and helped over 600 young people not in education or training find a future. Click here to read our CEO blog on Ann
Award-winning Teams In November Broadgate Estates, our property management subsidiary, won both the Sustainability and the Office and Industrial Managing Agent of the Year categories at the Property Week Management AllStars 2016, which recognise and reward the best in property management. In December we won Best Use of Digital Communications: FTSE 100 in the Investor Relations Society Awards for communications via Britishland.com and our social media channels. We were also highly commended for Best Overall Communication of Company Investment Proposition: FTSE 100; and shortlisted for Best Annual Report: FTSE 100 and Most Effective Integration of Sustainability Reporting: FTSE 100.
Promoting Inclusion Chris Grigg was named an OUTstanding Leading Ally Executive for the second year by the Financial Times. OUTstanding is a professional membership organisation for global businesses who work directly with LGBT+ and ally leaders to promote inclusion in the workplace. They drive change, challenge stereotypes and inspire future generations and work with member firms to drive LGBT+ inclusion, providing leadership development, mentoring, role modelling and sharing cutting edge best practice. #OUTstandingTop100
Sustainable Placemaking Superstars
Thanks to our quarterly award winners for going above and beyond to deliver our 2020 Sustainability Strategy and help us create Places People Prefer.
Read Matt Webster's blog here
The Queen’s Award for Enterprise British Land was awarded the UK’s highest accolade for business success, for economic, social and environmental achievements over five years.
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