British Land snaps up 7 UK retail parks in £441m deal

British Land’ said the seven newly acquired parks are 99% occupied, with current tenants confirming the locations “trade very well.”

Given the strong occupancy rates, British Land is optimistic that retail park rents will continue to rise, contrasting with other arms of the commercial property market.

The commercial property sector has struggled for the past two years due to rising interest rates, although there are indications it is now recovering.

Since 2021, retail parks have been noted as the best-performing segment for British Land, contributing positively to their overall growth.