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Bill Thomas

British Land - Old Market Hereford

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- The only new retail & leisure development to open in 2014 -


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British Land and Stanhope are pleased to announce that the £90 million Old Market shopping centre in Hereford opened today. The scheme is the only significant retail development to open this year and the first major retail development in Hereford for 25 years. Old Market was developed by Stanhope and funded by British Land, who now takes ownership of the scheme.


 


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Full Article Here


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I see they have a web site created for OLM on their website here

 

We are one of Europe’s Largest REITs (Real Estate Investment Trust) and our vision is to be the best and the partner of choice. For us being the best means delivering superior total returns to our shareholders.
 
Says it all.
 
We have total assets in the UK, owned or managed, of £17.1 billion (British Land share £11.2 billion), as valued at 30 September 2013. Our occupancy rate is 97% and average lease length to first break of 11 years.

 

I wonder if these shops will be around in 11 years once they have to pay the business rates. Also notice they own 50% of the TESCO site at Belmont.

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