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British Land : BLND – Q3 statement

Like for like occupancy up 30bps to 97.1%

525,000 sq ft of lettings or renewals in Q3 with rent 5.3% ahead of ERV – split 386,000 sq ft retail and 139,000 sq ft offices.

£405m of disposals including Eastgate in Basildon and a further £200m in the pipeline.

£196m of acquisitions including £83m of Sainsbury’s supermarkets

Marble Arch house completed in November and Leadenhall development on track for June 2014. New developments include Clarges Estate and The Hempel and, further out, 4&5 Kingdom Street in Paddngton and a development in Shoreditch.

LTV down to 41.8%

 

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