Asset Plus property portfolio knocked by covid-19

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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