15.05.2013 - British Land to exit mainland Europe amid economic woes
British Land is looking to exit its 255m retail property business in mainland Europe after their assets lost almost a fifth of their value on the back of the economic crisis in Spain and Portugal. British Land said its mainland European properties, which account for 2.4pc of its 10.5bn portfolio, fell 17pc in value in the year to the end of March, hit by rental concessions and widening yields..........................................Full Article: Source
Print