Portfolio Highlights

Superstores

INTELLIGENT PLANNING PAYS FULL REGARD TO TRANSPORTATION NEEDS
Our office and retail developments are carefully integrated with local transport infrastructure. At Liverpool Street, commuters move easily from their trains to their desks.

Superstores portfolio

British Land's share
£2.3billion
Total value £2.9 billion
89 superstores

Located across England, Wales and Northern Ireland

90% of stores larger than 40,000 sq ft

Average store size 69,000 sq ft

Total floor area 6.14m sq ft

Total site area 567 acres

Tenants: Morrison/Safeway (2 stores); Sainsbury's (44 stores); Somerfield (7 stores); Tesco (35 stores); Waitrose (1 store); 55 stores 100% owned; 34 stores owned 50% in joint ventures; Total rent passing £129m pa; British Land's share £102m pa; Average rent £20.83 per sqft; Weighted average lease term to break (and expiry) 20.4 years

Sainsbury's, Cambridge

British Land's investment in superstores represents 13.6% of the total portfolio.

We calculate that we are the largest owner of UK superstore properties, other than the occupiers themselves.

In an increasingly restrictive planning environment and with limited new supply, the retailers continue to require more and larger stores and are prepared to commit to full lease lengths of over 20 years.

These investments, acquired over some 17 years, have been enlarged by 49 extensions and redevelopments, adding a total of 727,000 sq ft.

In addition to these, British Land also owns, directly or 50% in joint ventures, a further 12 superstores which are included in other sectors of the portfolio (such as retail warehouse parks), and total a further 1 million sq ft.