British Land saw the value of its property portfolio fall by £3.2 bn (EUR 3.6 bn) in the year to end-March, a decline of 28%. But the group, which raised £740 mln through a rights issue in February, said that it remained well within its banking covenants despite the greater-than-expected hit to its asset value.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
