Modern Business Post
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Modern Business Post
No Result
View All Result
Home Latest News

British Land stock drops following stake sale

by
January 27, 2025
in Latest News
0
British Land stock drops following stake sale
0
SHARES
55
VIEWS
Share on FacebookShare on Twitter

Investing.com — Shares of British Land (LSE:LON:BLND) fell 1.5% after the company announced the sale of a 50% stake in Broadgate REIT, which is developing the 2 Finsbury Avenue scheme in London.

The stake was sold to Modon, an Abu Dhabi-listed developer, leaving British Land and GIC each with a 25% interest.

The transaction involves the 2 Finsbury Avenue (2FA) office development, a significant project in the City of London, which is currently 33% pre-let to Citadel, with options to increase this to 50%. The completion of 2FA is projected for 2027, with British Land continuing as the developer and asset manager for the project.

Despite the stock’s decline, analysts see the disposal in a positive light. Bernstein analysts commented on the deal, stating,

“British Land’s (BL) announced disposal of 50% of Finsbury Avenue at a c.10% premium to book value is not only positive for the company but also a positive read-across for the wider London office market. The disposal should also help alleviate recent investor concerns of a potential double-dip in London office values in 2025.”

The sale appears to be a strategic move for British Land, allowing the company to realize a profit on the development while still maintaining a significant stake and management control. Additionally, the deal with Modon brings a new international partner into the Broadgate estate, potentially adding to the project’s prestige and financial stability.

The market’s reaction, as reflected in the decline of British Land’s stock, may encompass concerns over the company reducing its direct exposure to the London office market, which is currently showing signs of resilience. However, the analyst’s perspective suggests that the transaction could be beneficial in the long term by providing liquidity and reducing risk exposure for British Land.

Investors and market watchers will be keeping an eye on the development of 2FA and British Land’s future transactions to gauge the health of the London office market and the company’s strategic positioning within it.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
Previous Post

UMG shares rally after new multi-year pact with Spotify

Next Post

Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

Next Post
Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

  • Trending
  • Comments
  • Latest
British Land stock drops following stake sale

British Land stock drops following stake sale

January 27, 2025
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
UK employers target wage bill to offset tax hikes as gloom persists

UK employers target wage bill to offset tax hikes as gloom persists

January 27, 2025
Futures slip as investors eye China’s latest AI push – what’s moving markets

Futures slip as investors eye China’s latest AI push – what’s moving markets

January 27, 2025
Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

0
Trump orders measures against Colombia over rejected migrant flights

Trump orders measures against Colombia over rejected migrant flights

0
Dividend surge signals culture shift in China’s markets

Dividend surge signals culture shift in China’s markets

0
UK employers target wage bill to offset tax hikes as gloom persists

UK employers target wage bill to offset tax hikes as gloom persists

0
Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

August 2, 2025
CFTC Launches Its Own ‘Crypto Sprint’ Following SEC’s Project Crypto Push

CFTC Launches Its Own ‘Crypto Sprint’ Following SEC’s Project Crypto Push

August 2, 2025
India’s Jetking Targets 21,000 Bitcoin By 2032 As CFO Foresees $1M+ Price

India’s Jetking Targets 21,000 Bitcoin By 2032 As CFO Foresees $1M+ Price

August 2, 2025
Bitcoin and Ethereum Crash: $600M Lost in a Day

Bitcoin and Ethereum Crash: $600M Lost in a Day

August 2, 2025
Subscribe to Modernbusinesspost.com


    Recent News

    Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

    Ethereum Price Prediction- Can Bulls Defend the $3,500 Support Zone as Arthur Hayes Joins Selloff

    August 2, 2025
    CFTC Launches Its Own ‘Crypto Sprint’ Following SEC’s Project Crypto Push

    CFTC Launches Its Own ‘Crypto Sprint’ Following SEC’s Project Crypto Push

    August 2, 2025
    India’s Jetking Targets 21,000 Bitcoin By 2032 As CFO Foresees $1M+ Price

    India’s Jetking Targets 21,000 Bitcoin By 2032 As CFO Foresees $1M+ Price

    August 2, 2025
    Bitcoin and Ethereum Crash: $600M Lost in a Day

    Bitcoin and Ethereum Crash: $600M Lost in a Day

    August 2, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Modernbusinesspost.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 Modernbusinesspost.com. All Rights Reserved.