British Land has partnered with Regus, the global workspace provider, to introduce 'third place' business hubs at three of its retail properties.

In the first deal of its kind with a retail landlord, Regus Express sites are opening at Meadowhall in Sheffield, Broughton Shopping Park in Chester and Fort Kinnaird Shopping Park in Edinburgh. They offer business people a quiet, professional environment with co-working space, private workstations, complementary refreshments, secure wi-fi and meeting rooms.

The hubs will be located in space formerly occupied by the centre management offices and range in size from 1,300 to 2,000 sq ft.

'Third places' refer to new locations that workers are using to bridge the gap between the traditional office and home. British Land and Regus believe that the new hubs will prove popular not only with professionals dropping in during a shopping trip but also as a business destination in their own right, without the parking problems associated with city centres.

Charles Maudsley, Head of Retail for British Land, said: "This is an exciting partnership that will enable us to continue to broaden the landlord services we provide. Our retail portfolio encompasses locally preferred, accessible, high quality locations making us the natural partner of choice for Regus. The format will bring high-specification workspace and business services to our consumers and visitors."

Phil Kemp, Global Managing Director of Regus Third Place, comments: "Although a shopping centre might seem like an unconventional work environment, it is precisely this type of location where we see strongest demand for flexible workspace. With the rise of mobility, work and leisure time is blurring, and people want to work wherever it suits them.

"This is a global trend and we are continually extending our network to provide greater support for flexible workers. Over the last year Regus has announced multiple 'third place' partnerships in the transport sector, including all four of the UK's motorway service area operators and Heathrow Airport. We are currently working with many other retailers, transport operators and hotel chains to help them support the changing needs of their customers and take advantage of the lucrative new revenue stream that Regus Express presents."

Enquiries:
Investor Relations
Sally Jones, British Land 020 7467 2942
Media
Jackie Whitaker, British Land 020 7467 3449
Emma Hammond, FTI Consulting 020 7269 9347
Pip Wood, British Land 020 7467 2942
Gordon Simpson, Finsbury Group 020 7251 3801
Regus enquiries
Leah Stewart, East Communications 07542 382 616

Notes to Editors

About British Land
We are one of Europe's largest publicly listed real estate companies. We own, manage, develop and finance a portfolio of high quality commercial property, focused on retail locations around the UK and London Offices & Residential. We have total assets in the UK, owned or managed of £17.8 billion (British Land share of which is £12.0 billion), as valued at 31 March 2014. Our properties are home to over 1,000 different organisations and receive over 300 million visits each year. Our objective is to deliver long-term and sustainable total returns to our shareholders and we do this by focusing on Places People Prefer. People have a choice where they work, shop and live and we aim to create outstanding places which make a positive difference to people's everyday lives. Our customer orientation enables us to develop a deep understanding of the people who use our places. We employ a lean team of experts, who have the skills to translate this understanding into creating the right places, and we have an efficient capital structure which is able to effectively finance these places.

UK Retail assets account for 53% of our portfolio. As the UK's largest listed owner and manager of retail space, our portfolio is well matched to the different ways people shop today, from major regional shopping centres to single occupier locations. We are focused on being the destination of choice for retailers and their customers by being the best provider of spaces and services. Comprising around 25 million sq ft of retail space across 66 retail parks, 85 superstores, 15 shopping centres, 12 department stores and 77 leisure assets, the retail portfolio is modern, flexible and adaptable to a wide range of formats.

Our Office and Residential portfolio, which accounts for 47% of our portfolio is focused on London, We have an attractive mix of high quality buildings in well managed environments and a pipeline of development projects which will add significantly to our portfolio. Increasingly, our offices are in mixed-use environments which include retail and residential elements. Our 7.3 million sq ft of high quality office space includes Regent's Place and Paddington Central in the West End and Broadgate, the premier City office campus (50% share).

Our size and substance demands a responsible approach to business. We believe leadership on issues such as sustainability helps drive our performance and is core to the delivery of our overall objective of driving shareholder value and creating Places People Prefer.

Further details can be found on the British Land website at www.britishland.com.

About Regus
Regus is the global workplace provider.

Its network of more than 2000 business centres in 102 countries provides convenient, high-quality, fully serviced spaces for people to work, whether for a few minutes or a few years. Companies like Google, Toshiba and GlaxoSmithKline choose Regus so that they can work flexibly and make their businesses more successful.

The key to flexible working is convenience and so Regus is opening wherever its 1.5 million members want support - city centres, suburban districts, shopping centres and retail outlets, railway stations, motorway service stations and even community centres.

Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange. For more information, please visit: www.regus.com

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