PropertyEU

British Land sees portfolio shed 28% of value

By A staff reporter 2009-05-22T00:00:00

British Land saw the value of its property portfolio fall by £3.2 bn (EUR 3.6 bn) in the year to end-March, a decline of 28%. But the group, which raised £740 mln through a rights issue in February, said that it remained well within its banking covenants despite the greater-than-expected ...

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