Half Year 2023 British Land Company PLC Earnings Call Transcript
Good morning, everyone. Thank you for joining us for our half year results. Today, we'll follow the normal running order. So Bhavesh will take you through our financial performance. Darren will provide an operational update, and I'll come back on strategy and outlook. But before we do any of that, I just wanted to take a step back. It's probably fair to say that the economic environment has changed quite a lot since we were last here in May. And against this tougher backdrop, it's really pleasing to see how well the business has performed operationally. That's down to a number of things, but 2 stand out. First, we're clearly benefiting from our focus on markets with pricing power. You will hear about the favorable supply and demand dynamics across our chosen areas. That's our campuses, retail parks and London urban logistics. Second is due to good execution of the value-add strategy, and that's right across the business. So I want to take this moment to thank the team for delivering that really strong performance.
Now let's just take
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