are property prices on the way down because blnd is showing a slide to the down side

StockMarketWire.com
British Land Group said Tuesday its financial position remained 'strong,' as it further reduced loan-to-value to 26% but the retail market remained 'challenging'.

The company completed the sale of 5 Broadgate for £1bn, in line with book value and increased its share buybacks by £200m.

Leasing activity in Offices had continued to be 'good', with the portfolio 98% occupied and with 64% of the total development pipeline let or under offer, up from 55% at the time of preliminary results in May, the company said.

The retail market remained 'challenging,' however, amid short-term trading headwinds brought on by long-term structural change driven by the internet.

The combined impact of administrations and CVAs since 1 April 2017 was 1.6% of total group contracted rent, up from 1% at the time of the company's preliminary results in May and retail occupancy stood at 96.4%.

The first interim dividend payment for the quarter ended 30 June 2018 would be 7.75 pence per share, an increase of 3.0% on the first interim dividend last year, the company confirmed.