British Land hit by retail turmoil as NAV falls 6.4%

Chris Grigg

British Land has posted a sharp drop in net asset value (NAV) after becoming the latest property group to cite retail woes as a drag on progress.

NAV per share fell 6.4% to 905p during the year to the end of March, as a whopping £1.4bn was wiped off the group’s property value.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue