British Land swings to loss as high street woes hit portfolio

The slowdown on the high street has wiped nearly £700m off the value of British Land’s portfolio in a year. The FTSE 100 property company, whose assets include the Meadowhall shopping centre in Sheffield, said that its like-for-like portfolio valuation fell 4.8% to £12.3bn in the 12 months to the end of March. British Land owns more than 2,000 stores, spread across shopping centres, retail parks, department stores and the high street. Click here for the full Times article (£) Click here for the full FT article (£)