TR trims European retail property exposure

Hugh Seaborn

TR Property Investment Trust has continued to scale back the company’s exposure to European retail property – but has increased its stake in Hammerson so that it now has a neutral position in the stock.

In interim results, TR, which invests in property shares as well as direct property, revealed that it had sold shares in Klépierre and Unibail-Rodamco Westfield during the six months to the end of September.

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