"… Speculative developments, not a business one wants to be in when there is uncertainty over the direction of the market, are only 5 per cent of the portfolio. British Land is in talks with potential occupiers of 1.4 million sq ft of property across four of its developments, including Canada Water where work has yet to start.
The shares, off 22½p at 595½p, yield 4.8 per cent, but this does not seem the time to increase exposure to top-end London property.
My advice Avoid
Why Too many uncertainties over top end of market"