British Land posts higher half-year profit from retail park investments

21 Nov 2024 CW Team

Commercial property firm British Land reported a slight rise in its half-year profit on Wednesday, attributing operational strength in its retail park properties to counteracting valuation weakness in its office-focused campuses. The British commercial property market is recovering from the post-pandemic freeze, with stabilizing property values and expectations of near-term rate cuts boosting sector optimism.

According to British Land CEO Simon Carter, the group's strategy of increasing investments in retail parks is proving successful. He noted that retailers are seeking cost-effective out-of-town spaces for their online operations, which is driving strong rental growth and valuation increases in the sub-sector.

The company, which blends leisure, retail, and hospitality facilities at its office-focused 'Campus' developments, stated that its EPRA Net Tangible Assets—a key measure reflecting the value of its buildings—increased by 0.2 per cent, reaching 567 pence as of September 30, compared to the valuation at the end of March. It reported that the value of its retail park assets, which make up about a third of its overall portfolio, rose by 5.1 per cent since March, while the office-focused Campuses experienced a 1.7 per cent decline in valuation.

Following the accretive $560.2 million retail park portfolio acquisition and a share placement last month, the company raised its full-year earnings per share forecast to 28.1 pence, up from the previous estimate of 27.9 pence.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..