The challenging retail market has taken its toll on British Land, which has reported a fall in occupancy level across its shopping portfolio this morning.
While occupancy levels across its property portfolio remained unchanged at 98%, gains in office lettings have been offset by occupancy in the retail portfolio falling from 98% to 96%. In its latest trading update to the market British Land revealed the impact of company voluntary arrangements (CVAs) now accounts for 1.6% of group rent, up from 1% at the full year figures in May.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts