British Land posts £1bn annual loss as valuations slump 12%

Simon Carter British Land

British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.

The group posted a pre-tax loss of £1.04bn for the year to the end of March, compared to a profit of £965m a year earlier.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue