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British Land Co PLC BLND Directorate Change



  British Land Co PLC (BLND) - Directorate Change

RNS Number : 5083R
British Land Co PLC
20 November 2012
 



 

 

 

                     British Land Announces Board Changes

                                       

British Land announces that Chris Gibson-Smith will be stepping down from  the 
Board on 31^st December  2012 on conclusion of  his second three-year term  as 
Chairman and will be  succeeded, with effect from  1^st January 2013, by  John 
Gildersleeve. John joined British Land as a Non-Executive Director in 2008 and
is currently Senior Independent Director.

 

Chris Gibson-Smith  joined  the  British  Land board  in  January  2003  as  a 
Non-Executive Director and  became Chairman  in January  2007. He  has made  a 
considerable contribution to  the company  over the  past ten  years during  a 
significant period for the property industry.

 

Chris Gibson-Smith  said: "I  have had  a fascinating  ten year  journey  with 
British Land, and the last six  years as Chairman have been deeply  rewarding. 
The Company is in an excellent position with a first rate team, portfolio  and 
strategy. We are delighted  that he has agreed  to deepen his connection  with 
the company. His  broad range of  experience makes him  an ideal Chairman  for 
British Land."

 

John Gildersleeve said: "I  am delighted to  take on the  role of Chairman  at 
British Land. The Company is in good shape and I look forward to working  with 
the team to ensure it continues its strong performance."

 

Chris Grigg, Chief Executive,  British Land said, "On  behalf of British  Land 
I'd like to thank Chris for his contribution to the company over the past  ten 
years and for the important  part he has played during  that time. I wish  him 
success in his new role. I also look  forward to working with John in his  new 
capacity as Chairman from the start of the New Year."

 

                                     Ends

Notes to Editors

 

The current British Land Board is as follows:
Dr. Chris Gibson-Smith, Chairman and Chairman of the London Stock Exchange
Group

Chris Grigg, Chief Executive

Lucinda Bell, Finance Director

Charles Maudsley, Head of Retail

Tim Roberts, Head of Offices

Stephen Smith, Chief Investment Officer (standing down from the Board on 31st
March 2013 and leaving British Land on 30th June 2013 as announced on October
19th 2012)
John Gildersleeve, (Senior Independent Director) Deputy Chairman of Carphone
Warehouse Group PLC and a Non-Executive director of TalkTalk Telecom Group PLC
and formerly Commercial and Trading Director of Tesco PLC

Aubrey Adams, formerly Chief Executive of Savills PLC
Simon Borrows, Chief Executive of 3i Group and Non-Executive Director of
Inchcape plc

Dido Harding, Chief Executive of TalkTalk Telecom Group PLC

William Jackson, Managing Partner of Bridgepoint
Richard Pym, Chairman of UK Asset Resolution Limited and formerly Chief
Executive of Alliance & Leicester
Lord Turnbull, formerly Secretary of the Cabinet and Head of the Home Civil
Service

The recruitment of John Gildersleeve was conducted by the Company's Nomination
Committee with assistance from the executive search consultants, Russell
Reynolds.

 

Enquiries:

 

Investor Relations

Sally Jones, British Land                                     020 7467 2942

 

Media 

Pip Wood, British Land                                       020 7467 2838

Gordon Simpson, Finsbury Group/                       020 7251 3801

Guy Lamming, Finsbury Group

 

 

 

About British Land 

British Land is one of Europe's largest Real Estate Investment Trusts  (REITs) 
with total assets,  owned or  managed, of  £16.3 billion  (British Land  share 
£10.4 billion),  as valued  at 30  September 2012.  Through our  property  and 
finance expertise we  attract experienced  partners to  create properties  and 
environments which are home to over 1,000 different organisations and  visited 
by over 300  million people each  year. Our property  portfolio is focused  on 
prime retail locations and Central  London offices which attract high  quality 
occupiers committed to long  leases. Our occupancy rate  of 97.3% and  average 
lease length to first break of 11.1  years are among the highest of the  major 
UK REITs.

 

Retail assets account for 60% of our portfolio with around 28 million sq ft of
retail space across 82 retail  parks, 92 superstores, 13 shopping centres  and 
9 department stores.  The retail portfolio  is modern, flexible and  adaptable 
to a wide  range of  formats and our  active asset  management delivers  space 
which is attractive and meets the needs of both retailers and consumers.   80% 
of our retail parks have open A1 consent.

 

London offices,  located  in  the City  and  West  End, comprise  35%  of  the 
portfolio (which  will rise  to  an estimated  40%  on completion  of  current 
developments).   Our  7  million  sq  ft  of  high  quality  offices  includes 
Broadgate, the premier City  office campus (50% share)  and Regent's Place  in 
the West End.  Over the last 2 years, we have committed £1.2 billion to create
Central London's  largest committed  office development  programme which  will 
deliver  2.3 million sq ft  of  high  quality  space  by  2014,  including   a 
700,000 sq ft building at 5 Broadgate,  the 610,000 sq ft Leadenhall  Building 
in  London's  insurance  district  and   a  500,000 sq ft  mixed  office   and 
residential scheme at Regent's Place in the West End.

 

Managing our environmental, economic and social impacts is central to the  way 
we do business and deliver value  for our shareholders.  We assess the  issues 
that matter most to us  and our stakeholders on  an on-going basis and,  where 
appropriate, adjust our strategic focus to reflect this.  We focus on managing
our buildings  efficiently,  supporting  communities,  developing  sustainable 
buildings and  engaging  our staff.   For  each  of these  priorities  we  are 
targeting our efforts and  resources at initiatives where  we can achieve  the 
biggest impacts.

 

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

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
BOAMMMMMGLZGZZZ -0- Nov/20/2012 07:01 GMT
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