Press releases
British Land Takes Sustainable Accolade
21/11/2007
British Land has been awarded the accolade “Sustainable Developer of the Year” in the annual Building Sustainability Awards.
The awards, now in their third year, recognise outstanding sustainability achievements and showcase the strides many are taking in the sector to lessen the industry’s environment impact.
The judges said: “British Land’s bold vision of achieving carbon neutrality in 2008/2009 is just one of the many reasons why it has stood out from the crowd. A runner up in last year’s competition, it has continued to up its game with sustainability at the heart of all its projects ensuring that reductions in water usage, waste to landfill and carbon emissions are enforced at all its projects. “
Ends
Notes to Editors
- British Land is the largest UK REIT by assets (£15.9 billion) with total assets under management of £20 billion, as at September 30, 2007.
- The portfolio, focused on the growth sectors of London Offices and Out of Town Retail, has the longest leases (14.4 years) and the highest occupancy rate (99 percent) of the major UK REITs.
- Retail assets account for 56 per cent of the portfolio, 83 per cent of which is in prime out-of-town locations. Offices account for 42 per cent of the portfolio of which 99 per cent is London-based and includes a £4 billion office development pipeline coming to fruition between now and 2011.
- With sustainability at the core of its business - from community involvement in the planning process, through development, refurbishment and management - the aim is to provide attractive buildings that minimise resource use and meet the needs of occupiers today and tomorrow.
- Sustainability Briefs, Waste and Water Management Plans and Biodiversity Programmes create a seamless series of processes that ensure responsible utilisation of energy and water; reuse and recycling of waste.
Date: Wednesday, November 21, 2007
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