British Land Company plc (GB:BLND) has released an update.
British Land Company plc plans to raise £300 million through a placing and retail offer to fund the acquisition of seven retail parks, aiming to bolster its position in this robust sector. The acquisition, expected to generate a net initial yield of 6.7%, is part of British Land’s strategy to focus on high-performing sectors and is projected to be immediately accretive to earnings per share. This move follows the company’s profitable half-year trading and is in line with their long-term strategy to deliver attractive returns to shareholders.
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