Thu. Jul 29th, 2021

Were seeing a retail revival, with sales reaching 94% of pre-pandemic levels across British Lands retail portfolio. To that end, British Lands accelerated venture into the world of logistics is to be applauded. Cementing opportunities to assist sellers with their online logistics is the ideal relocation for British Lands future.British Lands flexible working area offering is also seeing increased queries, which might be another COVID tailwind, as our working patterns are not likely to go back to regular.

Commercial landlord British Land says lease collection rates are enhancing as the economy reopens.
The business stated 85pc of the ₤ 87m rent due in June had actually been gathered up until now, with offices paying 99pc and Retail paying 71pc..
Despite the lower retail lease rates, British Land stated the sector was rebounding..
” Across our Retail portfolio, step and sales 86pc and 94pc of pre pandemic levels in the 7 weeks considering that the reopening of indoor hospitality on 17 May,” the business said in a trading upgrade..
” Retail parks continuing to clearly outperform; step and sales 96pc and 99pc of pre pandemic levels.”.
At British Lands flexible work area, Storey, activity was above pre pandemic levels..
Sophie Lund-Yates, Senior Equity Analyst at Hargreaves Lansdown, talked about the update:.

Were seeing a retail renewal, with sales reaching 94% of pre-pandemic levels throughout British Lands retail portfolio. To that end, British Lands sped up foray into the world of logistics is to be applauded. Cementing opportunities to assist sellers with their online logistics is the right relocation for British Lands future.British Lands flexible working area offering is likewise seeing increased enquiries, which could be another COVID tailwind, as our working patterns are unlikely to go back to typical.

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Wizadclick | WAC MAG 2021