Wednesday brought multiple causes for cheer at British Land – not only did the company receive clearance for a 38-storey tower at its Broadgate campus, but its shares hit a level last seen a year ago, weeks before the UK first entered a pandemic lockdown.
The company continued its rally and was one of the sharpest rising stocks in the FTSE 100, up by 3.75% at 520p a share. That marks its highest closing share price since late last February.
Also on the up across the FTSE 350 were Landsec, adding 4.1%; Hammerson, up 12.7%; and Workspace, up 6.5% to a near-year high of 818p.
The day’s biggest real estate rise was posted by Capital & Regional, up by 17% to close at 75p.
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