British Land (LON:BLND) said strong leasing momentum across its London campuses and retail parks is supporting earnings growth, as executives pointed to tight supply, resilient occupier demand and active asset management as key drivers of performance.
Chief Executive Simon Carter told investors that Campuses and Retail Parks now account for 90% of the business and are benefiting from “strong occupational fundamentals,” with net absorption high and supply constrained in both markets. Carter said the company expects to outperform inflation going forward and guided to estimated rental value, or ERV, growth of 3% to 5%.
