Letting at Wheatley Retail Park

RNS Number : 8475P

British Land Co PLC

26 August 2014

 



                                                26 August 2014

British Land Lets 36,000 sq ft at Wheatley Retail Park, Doncaster

British Land is pleased to announce that Next, and Marks & Spencer Simply Food have agreed terms for two new units at Wheatley Retail Park, Doncaster, further enhancing the retail offer at this park.

Next is to upsize into 23,518 sq ft with a full cover mezzanine floor, on a 15 year lease, whilst Marks & Spencer Simply Food will open its first store, at the park taking a 12,502 sq ft unit.

Duncan Reader, Asset Manager for British Land, said: "We look forward to welcoming a full line Next, and a new Marks & Spencer Simply Food to Wheatley Retail Park. Both retailers are known for driving footfall and will enhance the already strong tenant mix at the park. We are delighted that through our strong relationship with both retailers we are now able to offer more choice to our customers."

Wheatley Retail Park is located on the A630 on the North West edge of Doncaster. Other retailers at the park include TK Maxx, Boots, Matalan and Sports Direct.

British Land was represented by Morgan Williams.

ENDS

Enquiries:

Investor Relations

Sally Jones, British Land                                                  020 7467 2942

Media

Jackie Whitaker, British Land                                           020 7467 3449

Emma Hammond, FTI Consulting                                      020 3727 1227

Pip Wood, British Land                                                    020 7467 2942

Gordon Simpson, Finsbury Group                                     020 7251 3801

Notes to Editors

About British Land                    

We are one of Europe's largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £17.8 billion (British Land share of which is £12.0 billion), as valued at 31 March 2014. Our properties are home to over 1,000 different organisations and receive over 300 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people's everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 53% of our portfolio. As the UK's largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across 66 retail parks, 85 superstores, 15 shopping centres, 12 department stores and 77 leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 47% of our portfolio is focused on London, We have an attractive mix of high‑quality buildings in well‑managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.3 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 and creating Places People Prefer.

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

 

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