Time for investors to go back into London offices, says broker
Derwent London gets an upgrade while British Land and Helical are buys, suggests Peel Hunt
Company
British Land Company PLC
LON:BLND
The British Land Company (British Land) manages, owns, finances and develops commercial property. Its focus is on the retail and office sectors.
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British Land sells Paddington Central stake to Singapore fund for 1% below book value
The FTSE 100 group originally purchased three buildings and a 'cluster' of retail, leisure and developments sites next to Paddington station in 2013
British Land enters joint venture with AustralianSuper to develop Canada Water regeneration project
The transaction values the development project at £580mln
British Land recovery prospects still uncertain suggests Barclays
Target price rises to 500p, up from 450p, and based on significant NAV upgrades
British Land rent collections back to pre-pandemic levels
Canada Water and Aldgate Place, Phase 2, now had 718,000 sq ft of commitments, while 1 Broadgate is fully pre-let
Archive
Big caps to dominate in coming week with Royal Mail, Vodafone, Imperial Brands, British Land and SSE on the corporate calendar
Biffa and CMC Markets will also be among the key names on the schedule
British Land continues to reshape its property portfolio
British Land announced "£350mln of capital activity", offloading non-core assets and acquiring new ones in line with its focus on Campuses and Retail & Fulfilment
British Land consensus too bearish as UK retail property market turns a corner, says JP Morgan
The investment bank highlighted that there had been a recent “improvement in retail warehouse capital growth”, which makes up around 53% of British Land's retail portfolio
British Land retail parks close to pre-pandemic levels
"We have seen a notable improvement in activity across our markets"
Alan Sugar wants you back in the office, and shoring up his property portfolio
The billionaire baron recently implored city workers to return to their desks in a bid to "kick start" the local economy, which quite coincidentally could also boost the recovery of his private property group Amsprop
Land Securities and British Land upgraded as JP Morgan sees retail turning a corner
British Land’s mammoth 53-acre, 5m sq ft regeneration at Canada Water is a;also finally here.
British Land losses top £1bn for second year
The FTSE 100 business is regrouping around retail parks and campuses
Office landlords face grim future as quarter of UK firms plan to downsize
A new report from YouGov for HR tech firm Applaud indicated that 53% of businesses are planning to offer either remote or flexible working policies in the future, while 14% expect their staff to never return to the office
British Land says retail rents and collections still under pressure
The FTSE 100 property group said it had collected 81% of rents due for the quarter to March 2021
Amazon.com till-less grocery store may start gradual disruption in UK market, broker suggests
Analysts at Shore Capital don't expect the tech giant to take the market by storm
Property blue chips upgraded as Deutsche Bank predicts property selling spree
“While we do believe in a modest economic recovery this year, we do not think property companies can post ‘V’-shapes recoveries as they did after the global financial crisis”
British Land appoints Tesco deputy as new CFO
Bhavesh Mistry is expected to join the property group as CFO no later than August 1, 2021
British Land down to underperform as RBC says shift to disposals will be challenging
The bank forecast that the European real estate sector as a whole will see property disposals dominate over the coming years as firms shifted “largely away from non-core retail to focus more on mixed use development”
British Land collects 46% of retail rents as two-thirds of shops closed under lockdown
From the end of November to Christmas Eve, around 73% of its customers’ stores were operational, the developer said
Morgan Stanley cuts ratings for UK’s office landlords as it says homeworking is medium term headwind to growth
British Land, Landsec and Great Portland estates were all hit with downgrades as the investment bank said expectations for a rebound in the sector as the economy recovered was "problematic"