British Land buys up assets while smaller REITs wave the white flag
Acquisition accretive to earningsShares placed at a discountSmaller REITs struggle to surviveThe divergence in fortunes between large listed commercial property companies and some of the smaller players was thrown into relief today with the announcement by British Land (BLND) it had raised capital for a large retail acquisition on the same day two small REITs (real estate investment trusts)...
