Real Estate News

British Land CEO Interviewed on Half-Year Results

    LONDON, November 17 /PRNewswire-FirstCall/ -- UK property group British
Land reported interim profits down on last year but with positive
underlying trends in the second quarter.

    In a video interview on http://www.cantos.com CEO Chris Grigg described the
first half as a tale of two quarters with valuations improving in the
second quarter.

    "I think it is fair to say we've hit an inflection point. Investors
have returned to the market and transaction levels are up too."

    Mr Grigg also announced he was beefing up the investment criteria the
business would use when considering where to spend the GBP1 billion
earmarked for new projects, saying "we think it's more likely that
opportunities will come on the investment side of things."

    Although Mr Grigg did sound a note of caution on the short-term outlook
for the sector he said British Land was well positioned to create
shareholder value in a variety of different economic environments.

    The interview and transcript are available now on
http://www.cantos.com/node/4779/company/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
enquiries@cantos.com or phone +44-207-936-1333.