Real estate firm British Land reports $1.36 billion loss as retail portfolio value slumps

(Reuters) - Real estate firm British Land Co Plc racked up a 1.1 billion pound ($1.36 billion) loss last year, thanks to a 26% slump in the value of its retail portfolio, the company said on Wednesday, as it battles the fallout of the coronavirus crisis. The company, which owns a range of office-led London campuses and retail spaces, said loss after tax widened to 1.11 billion pounds for the full year ended March 31, compared to 320 million pounds a year ago, whereas net asset value (NAV)..