Assets under management
of which we own
sq ft of floor space
weighted average unexpired lease term
Reduction in Scope 1 and 2 emissions vs 2020
People benefitted from our 2022 community programmes
Our strategy is to create value by focusing on opportunities where we can leverage our competitive strengths in active asset management and development in our two key focus areas of – Campuses and Retail & Fulfilment.
Our Campuses combine well connected, high quality and sustainable buildings with an attractive public realm and great amenities. As the market gravitates towards the best space our Campus model is an important advantage.
Our Retail & Fulfilment portfolio is focused on retail parks which complement the growth of online. We are also building a development-led urban logistics business in London and have assembled a pipeline with a gross development value of £1.3bn.
Our unique Campus model
Our three London campuses, Broadgate, Regent’s Place and Paddington Central are the premier office portfolio in London bring together best in class buildings with leading sustainability and design credentials, surrounded by attractive public spaces. Customers choose our campuses because they are well connected and have a range of amenities nearby for people to enjoy. We are delivering a fourth campus at Canada Water and see opportunity to reproduce our Campus model in and around the Golden Triangle of London, Oxford and Cambridge, catering to growing demand from life sciences and innovation businesses looking for high quality workspace.
Retail & London Urban Logistics
We are the largest direct owner and operator of retail parks in the UK. They account for 61% of our Retail & London urban logistics portfolio.
Urban logistics in central London is the fastest growing part of the logistics market. We focus on sites within the M25 and Zone 1 of London, where supply is highly constrained. We have now built up a pipeline of urban logistics space with a gross development value of £1.3bn to deliver environmentally sustainable and centrally located urban logistics assets that will appeal to a range of occupiers.
Development is a fundamental driver of long term sustainable value and a key element of our investment case. Our most significant opportunity is at Canada Water where we have amassed a 53-acre scheme making it the largest mixed use development in the UK.
We launched our current Sustainability Strategy in 2020, when we committed to achieving a net zero carbon portfolio by 2030 and partnering to grow social value and wellbeing in the communities where we operate. We set clear targets to reduce both the embodied carbon in our developments and the operational carbon across our portfolio. This year we have further defined our Sustainability Strategy by establishing three key pillars: Greener Spaces, Thriving Places, Responsible Choices.
Our Greener Spaces pillar includes our ambitious 2030 net zero targets, across both developments and our standing portfolio.
Thriving Places is our social pillar. To support our commitments, we have launched a £25m Social Impact Fund to 2030. This will support delivery of our headline 2030 social impact targets across employment, education and affordable space.
Responsible Choices builds on the work we have done at British Land, and across the industry, to promote responsible employment, diversity and inclusion and responsible procurement.