The British Land Company PLC

Portfolio Highlights

Meadowhall

Annual Report & Accounts 2007

Meadowhall, Sheffield

Value
£1.7billion
1.5million sq ft
retail and leisure

Site area 191 acres (of which 74 acres undeveloped)

216 shop units, 10 anchor stores, 11 screen Vue cinema, 25 speciality kiosks, 23 mall kiosks

30 restaurants and cafes (including Oasis food court) seating for some 3,300

25 million customers per annum – 800,000 per week at peak time

Direct access to junction 34 of M1 motorway

Free parking for over 12,000 vehicles

On site transport interchange with bus, train and supertram services

www.meadowhall.co.uk

Anchor stores:
Bhs
Boots
Debenhams
H&M
House of Fraser
Marks & Spencer
Next
Primark
Sports World
WH Smith
Freeholds
100% owned
Rent passing £77m pa
Average rent
£58.87 per sq ft
Weighted average lease term including breaks 13.7 years
Image of Meadowhall Shopping Centre
Meadowhall Shopping Centre

Meadowhall is one of the largest and most successful shopping centres in the UK – a prime super-regional destination in a densely populated catchment area.

This two level, fully enclosed mall with excellent transport links continues to be attractive to retailers of international calibre and their customers. For 80% of the multiple retailers at Meadowhall, their unit is in the top 10 performing outlets of their company.

A major refurbishment programme is well advanced and the final phase is expected to complete in October 2007.

Redevelopment of the area formerly occupied by Sainsbury's completes in August 2007 and will include a new mall, two large stores for Next and Primark and ten shop units.

The Centre is run by a renowned and innovative management team whose proactive approach to asset management has maintained Meadowhall's high quality shopping experience while keeping a focus on environmental factors. The team has won many national and international awards, including the ICSC 'Maxi Awards' for Best Single Event and PR/Media Relations for the 'BBC Flashmob' event, from BITC for Employability, Energy Efficiency and Waste Management and from BCSC for Customer Service.

In addition to the shopping centre, Meadowhall includes two petrol filling stations, a training and conference centre (known as 'The Source'), a Premier Travel Inn, a TGI Friday's restaurant and a distribution centre which accommodates an innovative supply chain facility ('The Arc'). Further undeveloped land of 74 acres adjoins the Centre and is part of the Lower Don Valley Masterplan – a new, mixed use vision, for this Sheffield gateway.

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