PROPERTY giant British Land today said Meadowhall Shopping Centre remained one of its prime investments as the company reported £3.2bn of annual markdowns in property values.

The group, which saw its portfolio valuation drop by 28.2% over the year to £8.6bn, said there were signs of renewed investor interest, but a lack of availability of debt and the uncertain economic outlook was hindering activity.

Excluding the revaluation losses, British Land reported annual underlying profits of £268m.

......for the full story register now for free or login below...