British Land Co PLC
9 May 2002
The issuer advises that the following replaces the Purchase Announcement
released today at 10.09am under RNS No. 6763V. The last sentence now says "The
total land area is 107 acres including the shopping centre, which is 1.42
million square feet" in place of "The total land area is 1.42 million square
feet - 107 acres including the shopping centre" as previously stated. All other
details remain unchanged. The full amended text appears below:
9 May 2002
ADDITIONAL LAND AT MEADOWHALL
The British Land Company PLC has purchased five freehold sites, in all 43.7
acres, adjacent to the Meadowhall Shopping Centre. The vendor was Stadium
Limited and the consideration was £13.75 million.
This purchase is made as an early exercise of all the options that British Land
acquired in the original contract to purchase the Meadowhall complex and this
consolidates British Land's ownership and control of the surrounding land to
Meadowhall. The land is currently used for overflow car parking during peak
periods and will continue to be used for this purpose, pending assessment of
development opportunities.
Part of the consideration is payable by way of sponsorship by British Land of
the Sheffield Sports Arena project, up to a maximum of £2.5 million.
The total land area is 107 acres including the shopping centre, which is 1.42
million square feet.
Contacts
The British Land Company PLC:
J H Weston Smith, Director Tel: 020 7467 2899
R E Bowden, Director Tel: 020 7467 2892
Finsbury:
Edward Orlebar Tel: 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.