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BLND British Land Company Plc

403.20
-1.80 (-0.44%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British Land Company Plc LSE:BLND London Ordinary Share GB0001367019 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.80 -0.44% 403.20 402.00 402.20 405.00 400.20 404.00 1,831,538 16:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 418M -1.04B -1.1194 -3.59 3.73B

Development Securities Signs GBP12.1 Million Paddington Central Termination Pact

16/08/2013 7:50am

Dow Jones News


British Land (LSE:BLND)
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LONDON--Development Securities PLC (DSC.LN), a U.K. real estate developer and investor, said Friday it has signed a 12.1 million pound agreement with Aviva Investors and British Land Co PLC (BLND.LN) to terminate its development management contract at Paddington Central.

MAIN FACTS:

-The agreement includes a compensation payment of GBP7.1 million, together with the return of Development Securities' GBP5.0 million of working capital.

-Development Securities shares closed Thursday at 195 pence valuing the company at GBP238.35 million.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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