The UK’s consumers are still shopping and “good businesses are looking to grow,” said British Land chairman Chris Gibson-Smith yesterday, despite the “age of austerity” currently underway, as the group reported 6.9% growth in its portfolio to £9.6bn ... Read more
What makes a good retail asset? British Land’s head of retail Charles Maudsley says the factors are “dominance of the local area; extensive catchment; accessibility for shoppers; affordable rents; and attractive unit configurations”. The group this ... Read more
British Land yesterday announced it had agreed with The Portman Estate to buy and redevelop the Marble Arch House site in London’s West End. It has detailed planning consent for a development of office space, retail premises and luxury apartments on ... Read more
British Land yesterday reported a 4.2% increase in NAV to 525p per share for the half-year to end-September, and said it had seen a stabilisation in retail rental values with growth seen in the best retail locations. Rental growth continued in the ... Read more
British Land today said it remained cautious about the near-term outlook as it reported a 2.2% increase in NAV to 515p per share for its first quarter, the three months to 30 June. The increase in the group’s portfolio valuation was just 1.4%, ... Read more
British Land announced a major City offices deal this morning, finally reaching agreement on a transaction that has been the subject of speculation for several months. The property group, together with its joint venture partner Blackstone, has signed ... Read more
British Land is close to keeping Swiss bank UBS as a key tenant in the Broadgate development in the City of London, according to the Daily Telegraph. The deal would be a “major boost” for British Land, the paper says, as it had faced concerns that ... Read more
