Asset Plus property portfolio knocked by covid-19

Paul McBeth
Thu, 16 Apr 2020

Asset Plus property portfolio knocked by covid-19
Paul McBeth
Thu, 16 Apr 2020
Asset Plus has cut the value of its property portfolio by almost an eighth as the commercial landlord works out the impact of the covid-19 pandemic.The real estate investor’s external valuers - Colliers, CBRE, Savills and JLL Valuation – have finished their assessments of the properties after saying they needed more time to work out the impact of the outbreak on the portfolio.The four properties have been valued at $141.8 million, down from the draft $160.7 million valuation put in front of investors for the now-cancelled $100 million capital r...

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