British Land appoints Loraine Woodhouse as a Non-Executive Director
23 February 2021
The Board of The British Land Company PLC ("British Land") is pleased to announce the appointment of Loraine Woodhouse as a Non-Executive Director, with effect from 1 March 2021. Loraine will chair the Audit Committee from 31 March at which time Preben Prebensen will step down from his role as interim Chair of Audit but remain a member of the Committee.
Loraine has been Chief Financial Officer of Halfords Group plc since 1 November 2018. Prior to joining Halfords, Loraine spent five years in senior finance roles within the John Lewis Partnership. In 2014 Loraine was appointed Acting Group Finance Director and then, subsequently, Finance Director of Waitrose. Prior to that, Loraine was Chief Financial Officer of Hobbs, Finance Director of Capital Shopping Centres Limited (subsequently Intu Plc) and Finance Director of Costa Coffee Limited. Loraine's early career included finance and investor relations roles at Kingfisher Plc.
Commenting on the appointment, Tim Score, Chairman of British Land, said:
"I am delighted to welcome Loraine to the British Land Board and as Chair of our Audit Committee. She has extensive experience across all finance disciplines and has worked within many different sectors including real estate and retail".
Loraine has no other disclosures to make pursuant to LR 9.6.13 R.
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About British Land
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies.
Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles - Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance.
Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 65% of our portfolio. Our Retail portfolio is focused on retail parks and shopping centres, and accounts for 31% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 53 acre redevelopment opportunity where we have plans to create a new neighbourhood for London.
Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing.
Further details can be found on the British Land website at www.britishland.com