IN BRIEF: Schroder European Real Estate portfolio valued is down in Q3
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says its property portfolio is independently valued at EUR185.1 million on June 30, the end of its financial third quarter, down 3.9% from EUR192.6 million on March 31. On year, the property value is down 4.5% from EUR193.9 million. The REIT says the decline in property value reflects weaker investment demand, particularly for secondary offices, driven by heightened macroeconomic uncertainty, alongside inflation and interest rate concerns. Read More