The decline in real estate values slowed in the first half, but Europe's listed stocks are not out of woods yet. As in 2008, several UK REITs including Segro and Liberaty International recorded the sharpest falls in the value of their portfolios, while of Continental players saw the writedowns confined to 1-4%.
The decline in real estate values slowed in the first half, but Europe's listed stocks are not out of woods yet. As in 2008, several UK REITs including Segro and Liberaty International recorded the sharpest falls in the value of their portfolios, while of Continental players saw the writedowns confined to 1-4%.
Austrian-based Immofinanz heads the list with a first-half writedown of 18% while Hammerson reported the steepest individual decline among the UK REITSs.
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