Operations
As of 31 December 2011 the property portfolio was valued at £4.2 billion. More than half of the portfolio is invested in retail. This includes the Meadowhall shopping centre in Sheffield, which is one of the largest in the UK, and a large amount of property which has been purchased from and leased back to major retailers such as Tesco, Sainsbury's, House of Fraser and Asda. The other major group of assets is office property, most of which is in central London. This includes the Broadgate Estate, one of the largest developments in London over several decades, and Regent's Place near Warren Street Station.
In 2004 it received planning permission for a Richard Rogers designed skyscraper at 122 Leadenhall Street (The Cheese Grater) in the City of London which will become one of the tallest buildings in Western Europe. Construction of the tower began in October 2007 and completion is expected in 2014.
In October 2011, the company placed in the number one position, with 135 subsidiaries, on a list of FTSE 100 companies that use tax havens for their operations, as revealed in a database of their subsidiaries compiled for the first time by the development charity ActionAid.
Read more about this topic: British Land
Famous quotes containing the word operations:
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)