Bargain hunt by British Land
11 April 2012
British Land is on the lookout for more bargains this year as property assets come onto the market at "realistic" prices.
The firm, which has spent £330 million on acquisitions since September, is hunting for assets spun out of struggling Irish banks as well as Lloyds and Royal Bank of Scotland "inside and outside London", chief executive Chris Grigg said.
British Land boosted third-quarter profits 10% to £64 million, saw a 2.3% rise in its portfolio to £9.3 billion, and strong lettings. Griggs added: "Stronger retailers are still looking to expand into the right space."
