British Land Company Plc (BLND) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning, everyone. Thank you for joining us for the half-year results. It covers quite a busy period for the company. It started back in April with the pre-let to Citadel. We then had the sale of a stake in Meadowhall, or our stake in Meadowhall, a series of retail park acquisitions, and wrapped up in October with the placing. So a busy period. But before we get into that, I did just want to say a thank you to Bavesh, who's Here today, he steps down as our CFO today. He's made a very significant contribution to the business over the last three and a half years. I think in particular, there's three areas where he's really excelled. Cost control, balance sheet management and capital allocation. I've really enjoyed working with you and I know the rest of the team have and we wish you all the best at Kingfisher. As you know, David Walker becomes our new CFO today. David's here in the front row. He's very well equipped to pick up the reins from Vivesh. Many of you know him from his time as interim CFO and head of investor relations. And more recently, he's been our chief operating officer and has executed brilliantly against the mandate to make the British land boat go faster. I know he's looking forward to seeing many of you on the road over the next couple of weeks. And then next to David is Kelly Cleveland. Kelly has been our head of investment for the last eight years, so central to all of the capital activity, particularly over the last 12, 18 months. Kelly is taking on a broader role from Darren that now encompasses head of investment and head of real estate. We're combining our asset management, our leasing, and our investment, and that's going to enable us to drive further outperformance from the business. So before I hand over to Bhavesh, I just though...