British Land Bolsters Retail Park Portfolio

British Land Company plc (GB:BLND) has released an update.

British Land has strategically expanded its retail park holdings with the acquisition of seven premium retail parks for £441m, strengthening its position as a leading retail park owner in the UK. The company also plans to raise £300m through an equity placing to fund the purchase, with the aim of this investment being earnings accretive from FY25 onwards. British Land remains optimistic about its financial performance, confirming its guidance for FY25 EPS and anticipates portfolio values to increase marginally.

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