Overall, in the year to March 31 British Land reported a 2.6pc increase in the value of its portfolio to £10.3bn, thanks to the retail performance and pre-lets on its office developments in London such as the Cheesegrater.
However, pre-tax profits fell from £830m to £479m because the eurozone debt crisis meant the growth in values was slower than last year.
British Land shares rose 10.82, or 2pc, to 499.52p.
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