British Land assets fall 10% February 7th, 2008

The British Land property portfolio, worth an estimated £13bn, is expected to have taken a hit of £1.3bn or 10% as a result of falling values in the commercial property sector.  The news will be announced on Thursday as British Land reveals its third quarter results.

Shares in British Land have almost halved over the past twelve months and look set for a rocky ride for some time to come. Other companies and funds in the commercial property sector have seen similar results, with some funds blocking investor withdrawals to avoid selling assets to repay them.

Some brave souls believe the sector is now oversold and presents some good buying opportunities, but it’s an investment not for the feint hearted.