Russ Mould, investment director at AJ Bell, said: “The UK-listed commercial property sector has been in the doldrums ever since interest rates shot up rapidly in 2022 and 2023.
“A higher cost of borrowing depressed investor sentiment towards commercial real estate, adding to existing post-pandemic woes caused by the rise of hybrid working.
“The landscape is now evolving with more people returning to the office, and demand picking up from tech firms.
“British Land is well placed to benefit, and that is evident from its bullish update. Upgraded earnings guidance implies strong momentum in the business.
“This is the type of news that’s needed to finally breathe some life back into its share price.”
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