The move also means it is backing away from the more volatile retail sector, where it said that the gap between prime shopping centres and a second tier of centres is becoming increasingly large. British Land plans to expand Storey , the serviced apartment brand it launched last year as weakness in the retail sector prompts it to expand its portfolio . The company said the sector could reach 10 % of its portfolio . The property developer said it plans to continue building offices in London because of healthy demand and has about 1 million sq ft of development planned .
British Land plans to expand Storey , the serviced apartment brand it launched last year as weakness in the retail sector prompts it to expand its portfolio . The company said the sector could reach 10 % of its portfolio . The property developer said it plans to continue building offices in London because of healthy demand and has about 1 million sq ft of development planned .