/C O R R E C T I O N — British Land Company/
By British Land Company, PRNEMonday, November 16, 2009
LONDON, November 17 - In the news release, "British Land CEO Interviewed on Half-Year Results"
issued on 17 Nov 2009 07:58 GMT, by British Land Company LSE:BLND over PR
Newswire, we are advised by a representative of the company that the URL in
the fifth paragraph was incorrect, as originally issued inadvertently.
Complete, corrected release follows:
UK property group British Land reported interim profits down on last year
but with positive underlying trends in the second quarter.
In a video interview on www.cantos.com CEO Chris Grigg described the
first half as a tale of two quarters with valuations improving in the second
quarter.
"I think it is fair to say we've hit an inflection point. Investors have
returned to the market and transaction levels are up too."
Mr Grigg also announced he was beefing up the investment criteria the
business would use when considering where to spend the GBP1 billion earmarked
for new projects, saying "we think it's more likely that opportunities will
come on the investment side of things."
Although Mr Grigg did sound a note of caution on the short-term outlook
for the sector he said British Land was well positioned to create shareholder
value in a variety of different economic environments.
The interview and transcript are available now on
www.cantos.com/node/4779/company/British%20Land/project/5393/term/.
It's free to view. All you need to do is register at
www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.
If you would like to contact us, please email enquiries at cantos.com or phone +44-207-936-1333.
Tags: British Land Company, London, United Kingdom