British Land faces relegation from the UK’s benchmark stock index as the real estate investment trust's shares tumble.

The office and retail landlord, with its £3.3bn market cap, has seen its share price drop by more than a third this year, compared to a fall of around 21% for the rest of the FTSE 100. It closed at 365.7 pence on 28 August. Shares are also down by 60% from its 2015 high and by 75% from its all-time peak of 2007.