Germany's IVG Immobilien was Europe's best performing real estate stock last week, figures from GPR show. The share price rose 37.6% between 23 and 27 March after the company reached agreement to combine EUR 1.3 bn of credit lines which were due to mature in the next two year into a single syndicated loan. GAGFAH, another German company, came in second with an increase of 33%. Atrium European Real Estate saw its share price rise 29.6% despite reporting a loss of EUR924 mln following devaluations and impairments to its shopping centre portfolio and pipeline.
Germany's IVG Immobilien was Europe's best performing real estate stock last week, figures from GPR show. The share price rose 37.6% between 23 and 27 March after the company reached agreement to combine EUR 1.3 bn of credit lines which were due to mature in the next two year into a single syndicated loan. GAGFAH, another German company, came in second with an increase of 33%. Atrium European Real Estate saw its share price rise 29.6% despite reporting a loss of EUR924 mln following devaluations and impairments to its shopping centre portfolio and pipeline.
The three worst performers were Brixton (-17%), Quintain Estates (-14.3%) and Babis Vovos (-13.5%). The figures were mistakenly attributed to EPRA in the PropertyEU Week Edition published on Wednesday.
