UK REIT British Land has announced a decrease in portfolio value of 10% in 2007 along with a 20% drop in net asset value per share. On the plus side the company's underlying earnings per share were up 23%, driven by strong demand, high occupancy, rising rents and controlled costs. As of 31 March, 2008 assets owned or under management stand at £17.9bn (EUR 22.48bn).
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
