British Land ups guidance amid pivot into retail parks Property Property giant British Land has upped expectations for the year as the group continues its push into retail parks. In its half-year results for the six-month period to 30 September, which were published this morning, the real estate investment trust upped its outlook for earnings per share from 27.9p to 28.1p. Meanwhile, the group’s EPRA [...]
British Land splashes out on portfolio of retail parks Property Property giant British Land announced this morning that it has acquired a portfolio of seven high-quality retail parks for £441m. The company said the deal would be funded from existing resources as well as an equity placing of approximately £300m, by way of an accelerated bookbuild offering. The group acquired the retail parks from Canadian [...]
British Land inks deal with King’s College London for new tech centre in Canada Water Tech AustralianSuper, which manages over £170bn in assets, has invested some £8bn into the UK since 2016, with holdings of around £2.5bn in UK listed equities, according to the Treasury.
British Land: Shift away from shopping centres helps deliver full year growth May 22, 2024 British Land said its strategy of shifting its focus away from assets such as shopping centres is “delivering”, as it posts modest growth in the full year.
British Land sells stake in Meadowhall Shopping Centre at a premium May 20, 2024 The transaction values the entirety of the Sheffield shopping centre at £734m,.
US hedgie Citadel makes big bet on London with space in another new skyscraper April 18, 2024 Three-quarters of a million square feet of workspace will be available for returning City workers with the deal, as a pre-let agreement has secured at least a third of the space already.
British Land and Royal London ink joint venture for former Meta HQ in Euston March 18, 2024 Facebook owner Meta exited its corporate lease in the building in September last year.
British Land crowns former Lazard man as chair March 11, 2024 Property giant British Land has appointed banking veteran William Rucker as its new chair, replacing Tim Score.