British Land

British Land suffers 0.4% drop in its retail assets’ value

British Land suffers 0.4% drop in its retail assets’ value

British Land, one of the biggest property developers in the UK, has suffered a slight decline in the value of its retail assets.

British Land, which is the second-largest real estate investment trust by market value in the country, said the value of its portfolio of shopping centres and warehouses dropped 0.4 per cent in the final quarter of last year.

The drop was led by a 0.6 per cent fall in the property developer’s £2.7 billion retail warehouse portfolio.

British Land’s retail assets account for nearly 61 per cent of its total £10.28 billion property portfolio.