British Land sees losses soar to over £1bnChristian Fernsby ▼ | May 28, 2020
British Land recorded an £800 million increase in losses last year after the coronavirus forced many offices and retailers to close their doors.
British Land The company has taken a large financial hit
Topics: British Land
It also blamed 'ongoing structural challenges' for causing the value of its overall retail portfolio to fall by around a quarter to £3.87billion in the year to March 31. Its Offices portfolio, however, remained strong, rising 2.3 per cent to £6.77billion. ■