British Land Co. plc announced a change to the responsibilities within its senior management team. Charles Maudsley, currently Executive Director for Business Expansion will assume responsibility for the Group's Retail business in the UK and Europe. He retains his business expansion role. In addition, Ben Grose, who has been with the company since 2005, has been appointed Head of Retail Asset Management, reporting to Charles.

British Land Co. Plc reported a third-quarter profit after commercial property values recovered. Net income for the three months ended December 31 was 623 million, or 72 pence a share, compared with a loss of 1.59 billion, or 257 pence, in 2008, the company said in a statement on February 9. Net asset value rose 18% to 438 pence per share. The early signs of recovery seen in the second quarter extended right across our portfolio during the last three months of 2009, Chief Executive Officer, Chris Grigg said in the statement. British Land is evaluating potential property acquisitions that are worth about 1.8 billion, Grigg said on a conference call with analysts. Of those properties, the company has outstanding bids on about 80 million worth, he said.

British Land Co. plc, Q3 2010 Earnings Call, Feb-09-2010