British Land is officially the UK’s biggest Landlord
British Land is the UK’s biggest Landlord, a recent report shows that the value of its property empire rose 1.4% in this years second quarter to a estimated £8,29 billion.
This increase is the first of its kind after more than two years and follows a crash of 45% back in June 2007. The chairman of British Land Chris Gibson-Smith today called the property crisis the worst storm in real estate history.
The value of the property portfolio includes offices across London and retail parks across the country was down 2.4% in the first half. A former banker with Barclays and Goldman Sachs said that the worst is probably behind us. Its in this light that British Land said 70% of its properties increased in value after June 2009.
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!