Listed UK commercial property investment company Teesland Advantage Property Income Trust (TAP) has reported that its net asset value (NAV) per ordinary share was 113.0 pence (EUR 1.62) as at 30 September, compared to 119.28 pence (EUR 1.71) at 30 June. The NAV figure incorporates the external portfolio valuation at September 30, showing a 2.35% fall on a like-for-like basis over the quarter.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
