19th Nov 2013 17:46
LONDON (Alliance News) - F&C Commercial Property Trust Ltd Tuesday said the value of its portfolio increased in value over the three months to September 30, to GBP891.8 million from GBP866.3 million.
The net asset value per share on a total return basis gained 3.3% over the period, compared to the IPD Quarterly Universe total return of 2.9%, the company said.
"The strongest performing property sub-sectors of the portfolio were South East Retail, once again driven by the company's largest asset St. Christopher's Place Estate, London W1, retail warehouses and South East offices. The weakest total return came from Rest of UK offices but these properties produced a positive total return and no sub-sector in the portfolio recorded a negative total return," the company said in a statement.
Shares in the trust were Tuesday closed at 116.90 pence, down 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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