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British Land losses soar as retail values plummet

The commercial landlord is hoping to make further disposals, but a lack of liquidity in the retail market will make progress slow
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.

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