New Lettings

British Land Co PLC
11 March 2003


11th March 2003

                  New Lettings By British Land At Regent's Place


The British Land Company PLC has now let some 47,000 sq ft (4,366 sq m)
comprising over 40% of the office space at its new 350 Regent's Place, London,
NW1 development.

Following agreement of terms last year, Elexon, the organisation responsible for
operating systems in the wholesale electricity market, has taken some 32,000 sq
ft (2,973 sq m) at a commencing rent of £48.50 per sq ft.

Capital One, a leading credit card issuer, has taken some 15,000 sq ft 
(1,393 sqm) at a commencing rent of £46.50 per sq ft.

British Land's Chief Operating Officer, John Weston Smith said: "We are pleased
to be able to meet Elexon's requirement for a larger, consolidated office at
Regent's Place and to welcome Capital One, a fast growing and successful
business.  These lettings confirm our policy of providing West End occupiers
with high quality, adaptable accommodation."

350 Regent's Place totals 130,000 sq ft (12,061 sq m) comprising 113,250 sq ft
(10,521 sq m) of offices and 16,750 sq ft (1,540 sq m) of retail and storage
accommodation and is the latest phase in the development of British Land's 10.4
acre (4.2 hectare) Regent's Place complex.


For further information, please contact:

The British Land Company PLC:
John Ritblat, Chairman                                tel no: 020 7467 2831/2829
John Weston Smith, Chief Operating Officer            tel no: 020 7467 2899



                      This information is provided by RNS
            The company news service from the London Stock Exchange