British Land Co Plc (LON: BLND) will be selling Clarges, Mayfair to Deka for £177 million.
- The present valuation is 7.6 per cent higher than the September valuation.
- Incoming CEO Simon Carter has termed Clarges a terrific example of the company’s potential to create exceptional mixed-use places and create value through development.
- Shopping centre owner British Land though has written down the value of its portfolio by almost £1 billion because of the pandemic downturn.
- On 19 November 2020, the stocks of the company declined by 2.69% from its previous closing, hovering at around GBX 485.20 at 08:22 AM GMT+1.