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British Land's £100m sale of its stake in 2 Finsbury Avenue could mean forgoing £58m in profit. Will this move prove wise, or could the firm regret it? Read Peter Bill's report: https://ow.ly/uEnO50UPjGu #BritishLand #FinsburyAvenue #UKProperty

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Barney Coleman

COO (European Public Real Estate Association) | Finance & Budgets | Indexes & Research | Events, Comms & Marketing | Tech & Big Data | Operations | Education

2mo

One could disagree with your premise Peter. The deal: ·        Reduces future capex on the project thus derisking the development ·        Reduces LTV and/or provides dry-powder to… ·        ..allow BL to recycle capital - higher yielding assets (eg. regional retail parks) ·        Plus BL continue to receive management fees once the asset is occupied Forgoing a future £58mn by accepting cash today and recycling into more accretive deals is exactly what REITs/LRE are good at and should be doing. At EPRA (European Public Real Estate Association)we have been advocating for companies who actively manage their the portfolios and nimbly reposition themselves depending on the trends and points in the cycle.

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