20th Apr 2005 11:07
British Land Co PLC20 April 2005 20th April 2005 BRITISH LAND ACQUIRES OUTSTANDING 50% INTEREST IN BL WEST COMPANIES The British Land Company PLC has obtained 100% ownership of the BL West jointventure companies by buying for £50m shares owned by WestLB AG, WestdeutscheImmobilienBank and Provinzial Rheinland Versicherung AG Die Versicherung derSparkassen. The purchase was funded from British Land's existing cash resources. The BL West companies were established in September 2000 owning a portfolio offour City office properties with the intention of ending the venture in 2005.Two of these properties were sold in April 2004 and the remaining properties at1 and 10 Fleet Place, Ludgate, EC4 are thus now owned by British Land. CONTACTS The British Land Company PLC: Bob Bowden Tel: 020 7467 2892Property Investment Director Fax: 020 7467 2964 Email: [email protected] John Weston Smith Tel: 020 7467 2899Chief Operating Officer Fax: 020 7467 2992 Email: [email protected] Finsbury: Edward Orlebar Tel: 020 7251 3801 Fax: 020 7251 4112 Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land