Real Estate
British Land Valuation Creeps Higher on Strong Rents and Retail
- REIT saw a 0.2% rise in portfolio value in the past six months
- Europe commercial real estate valuations have been stabilizing
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British Land Co. saw an increase in the value of its portfolio of offices, warehouses and stores in the first half, helped by deploying more capital into the strong-performing retail sector.
The real estate investment trust reported a 0.2% rise in the value of its UK property holdings in the six months through September, according to a statement Wednesday. It leased 1.7 million square feet of space at rents 8% higher than expected.