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British Land warns of further decline in rents

The London office giant made strides in its major disposal programme last year
May 26, 2021
  • Retail assets drive a 11 per cent decline in the value of the portfolio
  • Further fall in office and retail rents expected

British Land (BLND) shareholders are going to need much patience. The commercial landlord is hurrying to dispose of non-core assets and reinvest the proceeds under two broad themes that it hopes will drive rental growth: office-led mixed use campuses and retail parks and logistics. 

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