British Land Company plc is a British real estate investment trust headquartered in London, one of the largest property companies in the United Kingdom. It was founded in 1856, originally to acquire and develop land in London and other British cities, and grew over more than a century and a half into a major owner and developer of commercial property. British Land's portfolio is concentrated in London office campuses and out-of-town and mixed-use retail parks across the United Kingdom, and the company has increasingly focused on large mixed-use London developments combining office, retail and residential space, such as its Broadgate and Regent's Place campuses. It converted to a real estate investment trust in 2007 under legislation that changed how UK property companies are taxed.
Facts
Company TypePublic limited company, real estate investment trust 1 Founded Year Headquarters Connections
Operates In
A major real estate or REIT company; classified in the atlas real-estate-industry.
In the Other Atlases
Sources
1. British Land, Wikipedia
History section
The British Land Company was founded in 1856 as an offshoot of the National Freehold Land Society (later Abbey National) formed in 1849 with the two chief architects of the freehold land movement Richard Cobden and John Bright.
Lead section, second sentence
The firm became a real estate investment trust when REITs were introduced in the UK in January 2007.
Lead section, third sentence
It is headquartered in London, England, and is a founding member of the European Public Real Estate Association.
Infobox, Founded field
Founded 1856; 170 years ago (1856)
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