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British Land rethinks portfolio and embraces hubs

Mark Moran
17 January 2022
 

Property company British Land is moving away from its traditional portfolio of shopping centres and office buildings and towards logistics hubs. It plans to buy and convert car parks and empty retail centres into urban distribution hubs for online shopping and same-day grocery deliveries.

The short delivery times demanded by consumers means ultra-fast delivery firms such as Getir, Gorillas and Weezy need to store their stock a lot closer to their customers, thus requiring new last-mile depots....

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