Full Year Results 

British Land losses soar as retail values plummet

British Land losses soar as retail values plummet

The magnitude of the decline in British Land’s (BLND) retail portfolio comes as little surprise given the dire set of full-year trading figures from close rival Land Securities released earlier this month. The value of the commercial landlord’s retail assets fell by more than a quarter, with the impact of store closures responsible for a decline of between 6 and 7 per cent alone, and estimated rental values were down 11.7 per cent.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now