Finance

GPE backs away from acquisitions during ‘economic uncertainty’

By 2018-05-23T07:20:00

Toby Courtauld

The boss of GPE has said the group is expecting a softening in market rents and some secondary asset yields, and is not in the market to buy new assets as Brexit and uncertainty around the UK economy impacts the property market.

In its annual figures to 31 March, the group posted a 5.8% rise in net asset value (NAV) per share, while profit returned to positive territory for the full year.

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