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10% fall in value of British Land’s portfolio

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  • 10% fall in value of British Land’s portfolio

    British Land, the UK’s second largest commercial property company, has written down the value of its shops and offices by £1.9bn. The decline in British Land’s property values slowed in the final quarter to the end of March, but the company has warned of a further decline in property values for the year ahead. A [...]

    More: 10% fall in value of British Land’s portfolio

  • #2
    Real or not

    This may be a bad state to be in, but if they have slower growth and some losses to hide, they always do it in one year to give themselves a fighting chance next year.

    By devaluing the stock so greatly their balance sheet will look better in years to come...