British Land stock fell 4.5% today, reversing yesterday’s gains following a FTSE 100 rally.
After surging 3.5% yesterday, the FTSE 100 maintained its value, creeping up a further 0.22% to 6,857. The boost came as global stocks rose amid positive vaccination news and a Democrat Senate vote in the US.
The largest commercial property REITs were less fortunate, with the biggest companies down after yesterday’s bounce. British Land fell to 466.9p, with Landsec down 0.8% to 687.9p, and SEGRO down 1.5% to 962.2p.
Elsewhere, the largest rises came from property portals and housebuilders, with Foxtons up 13% to 57.4p, Purplebricks up 4.3% to 106.8p and Barratt rising 2.3% to 689p.
The FTSE 250 closed at 21,010, up 0.18% on the day.
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