British Land has reported footfall up 3% across it estate in the year to 31 March with retailer sales growing 2.4%.
The company grew underlying profit during the year 16% to £363m and saw its total portfolio valuation grow 6.&% with retail and leisure up 2.4%.
There were 1.3 million sq ft of lettings and renewals across the portfolio with occupancy now at 99%
Chief executive Chris Grigg said: “We have delivered another strong set of results with performance underpinned by strengthening rental growth across our business. We are focusing the business around long term trends and continue to see the benefits of the investments we have made in recent years. While we are mindful of the impact of market uncertainty, our high quality portfolio, flexible development pipeline and robust financial position continue to mean that our business is both resilient and well placed for the long term.”
