British Land reported a strong performance in the run-up to the referendum in a trading update to the City this morning.

But chief executive Chris Grigg added: “It is too early to properly assess the impact of the referendum result on the markets in which we operate but we do expect some occupiers and investors to take a more cautious approach.

“British Land has entered this period of post-referendum uncertainty in a robust position. We have a strong, resilient business with a clear strategy.”