British Land [Pounds]572 Million Over Just Three Months ; Property
Evening Standard - London › August 14, 2008
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Summary
DEVELOPER and landlord British Land today reported heavy losses after the value of its multi-billion pound property portfolio fell another 5%.
The firm posted losses of [pounds]572 million for the first quarter compared with profits of [pounds]266 million in the same period a year ago. The meltdown came as the slump in the property market wiped 5% off the value of the company's assets in the three months to the end of June with City offices down 7.2% and West End offices down 4.3%.See the full content of this document
Extract
British Land [Pounds]572 Million Over Just Three Months ; Property
Chief executive Stephen Hester said conditions were "challenging" as "the weak financial ...
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