British Land assets swell

British Land, Britain's second-largest property group, has seen a sharp rise in the value of its assets, it has been reported today (Tuesday).

Its forecast-beating figures rose on a strong showing by its retail holdings. Diluted adjusted net asset value - a key performance gauge for property firms that shows the value of their holdings - rose to 966p per share, up from 859p a year ago.

The figure is way ahead of forecasts by analysts who had expected, for the year ending 31 March, an average of 890p.

The company, which said it is looking to add to its portfolio across all sectors, added that it was confident that conditions in London's financial district, the City, would continue improving.