NAV drops at Landsec as retail assets continue to lose value

Bluewater shopping centre

Landsec, the UK’s second largest listed property company, has posted a fall in net asset value (NAV) for the six months to end of September.

EPRA NAV per share fell 1.4% over the half-year to 1,384p, while the value of the group’s portfolio was again dragged down by the group’s retail assets to £14bn, from £14.1bn at the end of March.

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