British Land Company PLC is a real estate company. The Company focuses on high-quality retail locations around the United Kingdom and London offices. The Company allocates resources to investment and asset management according to the sectors it expects to perform over the medium-term. Its two principal sectors are offices and retail. The Office sector includes residential, as this is often incorporated into Office schemes, and Retail includes leisure, for a similar rationale. The relevant revenue, net rental income, operating result, assets and capital expenditure, being the measures of segment revenue, segment result and segment assets used by the management of the business. Revenue is derived from the rental of buildings. Operating result is the net of net rental income, fee income and administration expenses.

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