Investment changes at British Land worry analysts

01/20/2010 | Wall Street Journal, The

Concerns are growing over the shift in British Land's investment strategy to include assets outside its core office focus -- as well as its worrisome debt level. "Discussions over alternative asset classes -- residential, student accommodation, hotels -- and application of fund-management skills expose the board's lack of decisiveness at the bottom of the cycle," Nomura analyst Mike Prew says.

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Wall Street Journal, The

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