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Hedge fund Millennium doubles British Land short position as UK property crisis rolls on

The shares of London-based property developer are down by roughly 20% this year

By Bilal Jafar
The redevelopment of Broadgate in the City of London, which is part-owned by British Land
The redevelopment of Broadgate in the City of London, which is part-owned by British Land Photo: Getty Images

Hedge fund Millennium International Management has doubled its bet against City property developer, The British Land Company, as the UK housing crisis deepens.

Millennium has a 1.75% net short position on The British Land Company, up from 0.90% on 11 August, the latest disclosure to the UK’s Financial Conduct Authority shows.

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