British Land makes further strategic progress in retail parks with over £120m of gross capital activity

British Land makes further strategic progress in retail parks with over £120m of gross capital activity

British Land is pleased to announce that since the half year results in November, it has completed on the acquisition of three high quality retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m. These deals are in line with our strategy to actively recycle capital and consolidate our position as the UK’s largest owner and operator of retail parks, strengthening our ability to sign portfolio leasing deals and enhance returns.

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