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.

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