PROPERTY group British Land highlighted the development prospects for its Scottish shopping centres as it reported a 3.8% rise in underlying first-half pre-tax profits to £137 million and claimed market trends were in its favour.
British Land saw like-for-like rental income increase by 1.2% in the UK over the period.
Its portfolio valuation was in line with that of six months ago at £10.4 billion.
The group also announced chairman Chris Gibson-Smith would step down at the end of the year, to be replaced by John Gildersleeve, who is currently the senior independent director.
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