Directorate Change

RNS Number : 2404S

British Land Co PLC

19 December 2016

 

British Land appoints Lord Macpherson of Earl's Court GCB as a Non-Executive Director

The Board of The British Land Company PLC is pleased to announce the appointment of Nick Macpherson, formerly Permanent Secretary to HM Treasury, as a Non-Executive Director with effect from 19 December 2016.  

Commenting on this appointment, John Gildersleeve, Chairman of British Land, said:

"I am delighted to welcome Nick to the Board. He brings strong experience in financial and economic policy having worked in HM Treasury for more than 30 years, leading the department through the financial and economic crisis that began in 2007.  His experience will further strengthen the diverse mix of expertise and experience on the Board. We very much look forward to him joining us."

Nick is Chairman of C. Hoare & Co and a Director of the Scottish American Investment Trust. 

Nick has no other disclosures to make pursuant to LR 9.6.13 R.

The Advisory Committee on Business Appointments at the Cabinet Office has approved this appointment.

Enquiries:
Investor Relations Jonathan Rae, British Land	020 7467 2938
Media Pip Wood, British Land Gordon Simpson, Finsbury	020 7467 2838 020 7251 3801
Company Secretary Elaine Williams, British Land Notes to editors	020 7486 4466

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 UK commercial property, focused on Retail and London Offices and Residential. We own or manage total assets of £19.0 billion (British Land share is £13.9 billion) as valued at 30 September 2016. Our properties are home to over 1,200 different organisations ranging from international brands to local start-ups.

Our strategy is to create Places People Prefer. It is based on long term trends and creates a portfolio suited to current and future needs which are aligned to modern lifestyles.  We employ our placemaking skills, and increasingly our mixed-use expertise to expand the appeal to a broader range of occupiers and drive long term performance.

Retail accounts for 49% of our portfolio. We create outstanding places for modern consumer lifestyles, places to shop eat and be entertained. Comprising over 20 million sq ft of Retail and Leisure space across regional and local multi-let destinations, superstores, department stores and leisure assets, the Retail portfolio is modern, flexible and adaptable to a wide range of formats.

Office and Residential accounts for 49% of our portfolio. It comprises 7.6 million sq ft of well-connected office-led campuses and 'campus-lite' clusters of high quality buildings. Office campuses include Regent's Place and Paddington Central in the West End and Broadgate (50% share) in the City. Other assets include The Leadenhall Building, York House, 10 Portman Square and Marble Arch House and our residential assets are at Clarges Mayfair, The Hempel Collection and Aldgate Place.

Two per cent of our portfolio is at Canada Water - a 46 acre redevelopment opportunity in our medium term pipeline to create a new mixed-use urban centre for London.

Sustainability is embedded throughout our business. Our places become part of their local communities and promote health, improve productivity and increase enjoyment. We protect asset value and generate income from energy generation and efficiency, materials innovation and flood risk reduction, and develop skills and opportunities to help local people and businesses grow. 

In April 2016 British Land received the Queen's Award for Enterprise: Sustainable Development, the UK's highest accolade for business success for economic, social and environmental benefits achievements over the last five years.

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

 

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