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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue