British Land eyes more housing to offset retail wobbles

By Jordan Marshall2018-11-14T14:00:00

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Firm in talks to buy build-to-rent operator

The retail sector’s High Street woes hit Meadowhall shopping centre owner British Land as the firm crashed to a £42m loss in the first half.

The developer said “challenges in the market” sent its numbers into the red after recording a £238m profit a year ago.

Chief executive Chris Grigg said: “We expect retail to remain challenging in both the occupier and investment markets as the impact of long-term structural change is compounded by short-term headwinds.”

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