Tuesday
24 April 2018
24 April 2018
COMPANIES
ETAD.A.E.
Public entity - GREECE
Savills
Consultant - GREECE
Solum Property Solutions
Consultant - GREECE
IBI Group
Consultant - GREECE
PEOPLE
Against a backdrop of continuing strong demand in its investment markets, British Land announced earlier today that it intends to allocate up to £300 million of capital to a share buy-back during the current financial year, according to the company’s official press release.
The company’s Board regularly reviews capital allocation to optimise long-term returns for shareholders.
Since the year end, the Company has continued to sell into a strong investment market.
However, currently, opportunities to purchase at attractive returns are more limited, and investment in the Company’s shares at the prevailing discount offers better value than further asset acquisitions.
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