Property shares were the biggest fallers in the FTSE 100 yesterday. Daily Telegraph
Segro lost 17 to 655p, British Land fell 39p to £13.44 and Land Securities dropped 62p to £17.30.
Worries about interest rate rises are contributing to the malaise.
Fidelity’s Eurozone Select Real Estate Fund has completed its first deal in Luxembourg market by acquiring a €100m (£87.5m) modern office building in close proximity to the country’s international airport.
M G Real Estate has acquired two office buildings in the south east as well as an industrial portfolio on behalf of the M G UK Enhanced Value Fund.
Leading specialist pump supplier Axflow has signed a 15 year lease for a 14,400 sq ft unit at the Slough Trading Estate.
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