UK property firm British Land said its net asset value per share dipped 3% in the second quarter to end-September, wiping out first-quarter gains and leaving net asset value per share unchanged at 1682 pence for the first half. The total value of the company's property portfolio dipped by 1.9% in the second quarter, due to a 2.9% drop in retail property values.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
