British Land Delivers Resilient Results in Toug...

LONDON, May 21 /PRNewswire/ --     British Land, the UK property investment 
company, today announced its
preliminary results for the year to 31 March 2009.



    In a video interview new CEO Chris Grigg described the results as
"resilient".



    "We saw underlying profits at GBP268m, which I think is a very strong
performance under the circumstances."



    While admitting that the market place was tough, Mr Grigg emphasised
British Land was well placed to continue to deliver a strong performance
relative to the property sector.



    He pointed out that British Land's out performance was underpinned by
high occupancy rates at 96%, upward only rent reviews and few leases coming
up for renewal.



    "We only have 6% of our leases falling due for renewal during the course
of the next three years. I draw a lot of comfort from that."



    As new CEO Mr Grigg has completed a review of the business and doesn't
expect to make any fundamental changes to management or strategy.



    The interview and transcript are available now on
http://w3.cantos.com/british_land.



    It's free to view. All you need to do is register at
http://www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
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