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BL upbeat on progress in trading update

British Land said it was making strong progress across its key priorities including leasing, capital recycling and its development pipeline as it provided a trading update for the first quarter ended 30 June.
CoStar News
July 20, 2015 | 12:58 P.M.

Chris Grigg, chief executive said: “We’ve had a good start to the year, making real progress against the priorities set out at our results in May in what are strong occupational and investment markets. In Retail, our operational metrics remain strong and we continue to recycle capital by selling selected mature assets and investing into our existing portfolio. In Offices, we’re pleased with the deals we’ve done at The Leadenhall Building and in the supply constrained City market we’re positive about our prospects on the remaining space.

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