British Land pins hopes on retail parks as business activity picks up By Reuters
(Reuters) - UK commercial property firm British Land Co Plc (LON:BLND) said on Tuesday it has seen a notable improvement in activity across its businesses after the ease in curbs, adding that the valuation of its outperforming retail parks are expected to rise. Commercial landlords have underperformed the wider real estate sector as multiple lockdowns and an extended ongoing moratorium on rent collection hurt retail-focused assets, while remote working has weighed on office portfolios. The FTSE 100-listed firm said its retail parks — specially-built large areas usually in the fringes of large towns and...
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