British Land Co. plc and Oxford Properties announced 50:50 joint venture has exchanged a binding agreement for lease with Amlin plc for a pre-letting of 111,000 sq ft at The Leadenhall Building, London, EC3. Amlin is expected to occupy levels 18-24 and level 45 of the 47-storey building on 20 year lease terms with tenant break options providing an average lease term of 14 years to first break. The average rent is expected to be 62.75 pounds per sq ft.

British Land Co. plc (LSE:BLND) plans to sell all its £255million collection of continental retail properties. Chris Grigg, Chief Executive Officer of British Land said, "Looking forward, we consider Europe to be a subscale business for us and our intention is to exit over time". Chris Grigg also said, "It could be a long haul. The market's not that easy in Europe at the moment. But this is a very clear statement of intent".

British Land Co. plc reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported profit after taxation attributable to share holders of £284 million or 31.5 pence diluted earnings per share against £480 million or 53.8 pence diluted earnings per share of prior year. Net rental and related income was £281 million against £286 million of prior year. Net cash inflow from operating activities was £190 million against £206 million of prior year. Development and other capital expenditures were £230 million against £106 million of prior year. Purchase of investment properties was £442 million against £382 million of prior year. On a pro forma basis, underlying profit after taxation was £273 million or 30.3 pence underlying earnings per share-diluted basis on net rental income of £541 million compared to underlying profit after taxation of £265 million or 29.7 pence underlying earnings per share-diluted basis on net rental income of £546 million of prior year. The proportionally consolidated net cash inflow from operating activities for the year ended March 31, 2013 was £218 million versus £239 million of 2012.