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    BLND   GB0001367019

THE BRITISH LAND COMPANY PLC

(BLND)
  Report
Delayed Quote. Delayed London Stock Exchange - 06/21 11:35:17 am
493.5 GBX   +0.94%
05:15aBRITISH LANDá : gives green light to Phase 2 of Aldgate Place development
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06/11BRITISH LANDá : Earnings Document
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06/04BRITISH LANDá : Goldman Sachs Trims British Land PT, Keeps Buy Rating
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London office market undergoes makeover to woo post-pandemic workforce: Deloitte

05/17/2021 | 07:32am EDT
FILE PHOTO: A worker arrives at his office in the Canary Wharf business district in London

(Reuters) - Developers in London are revamping office spaces to suit the post-pandemic workforce, a survey showed on Monday, as weakening demand for workspaces poses a major concern in one of the world's biggest financial hubs.

New construction starts have jumped by a fifth in the six months ended March to 3.1 million square feet, Deloitte's London Office Crane Survey showed, with 56% of the pipeline expected to involve an extensive upgrade of existing office stock.

Lockdowns since early last year have forced millions of people to work from home, but easing restrictions are driving companies to chart a return with less hot desking, more room and better health regulations.

"Occupiers' needs are shifting and buildings that meet their ESG principles while taking into account the welfare of their people are top of mind. Grade A, well-connected and eco-friendly office spaces, designed to maximise the benefits of new ways of working, will be the most desirable," said Mike Cracknell, director in real estate at Deloitte.

The survey showed 4.5 million square feet of development has been delivered between October 2020 and March 2021, the highest level of completions in 18 years. In a sign of less speculative building, 59% of that was pre-let.

The survey also showed that the share of Technology, Media and Telecoms (TMT) pre-lets in all space under construction increased to 40%, reaffirming the importance of the TMT sector in the London leasing market.

Still, many companies have embraced work-from-home as a cost effective and flexible option that is here to stay, hurting demand for work spaces in London.

The city's developers anticipate new working patterns to reduce office demand on average by 10% to 15% in terms of square footage.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Devika Syamnath)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CRANE CO. 4.39% 90.3 Delayed Quote.11.38%
GREAT PORTLAND ESTATES PLC -0.20% 736 Delayed Quote.10.40%
IWG PLC 0.62% 291.9 Delayed Quote.-15.47%
LAND SECURITIES GROUP PLC 1.10% 677.6 Delayed Quote.-0.53%
THE BRITISH LAND COMPANY PLC 0.94% 493.5 Delayed Quote.-0.02%
WORKSPACE GROUP PLC 0.06% 859.5 Delayed Quote.11.70%
All news about THE BRITISH LAND COMPANY PLC
05:15aBRITISH LANDá : gives green light to Phase 2 of Aldgate Place development
PU
06/11BRITISH LANDá : Earnings Document
PU
06/04BRITISH LANDá : Goldman Sachs Trims British Land PT, Keeps Buy Rating
MT
06/04BRITISH LANDá : Annual Report and Accounts 2021
PU
06/03BRITISH LANDá : Barclays Lifts British Land PT, Maintains Underweight Rating
MT
05/31THE BRITISH LAND COMPANY PLCá : Monthly statement on outstanding equity shares a..
CO
05/27BRITISH LANDá : Morgan Stanley Boosts British Land PT, Maintains Underweight Rat..
MT
05/26BRITISH LANDá : Full Year Results 2021
PU
05/26BRITISH LANDá : Posts Loss, Lower Revenue in FY21
MT
05/26UK's British Land posts third straight annual loss as pandemic hurts valuatio..
RE
More news
Financials
Sales 2022 492 M 685 M 685 M
Net income 2022 -97,7 M -136 M -136 M
Net Debt 2022 2 691 M 3 748 M 3 748 M
P/E ratio 2022 212x
Yield 2022 3,82%
Capitalization 4 573 M 6 365 M 6 371 M
EV / Sales 2022 14,8x
EV / Sales 2023 14,9x
Nbr of Employees 613
Free-Float 98,3%
Chart THE BRITISH LAND COMPANY PLC
Duration : Period :
The British Land Company PLC Technical Analysis Chart | BLND | GB0001367019 | MarketScreener
Technical analysis trends THE BRITISH LAND COMPANY PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 492,17 GBX
Last Close Price 488,90 GBX
Spread / Highest target 35,0%
Spread / Average Target 0,67%
Spread / Lowest Target -41,7%
EPS Revisions
Managers and Directors
NameTitle
Simon Carter Chief Executive Officer & Director
David Walker Chief Financial Officer & Head-Investor Relations
Tim Score Chairman
Sally Jones Head-Strategy, Digital & Technology
Joff Sharpe Head-Operations
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