The decline in real estate values slowed in the first half, but Europe's listed stocks are not out of woods yet. As in 2008, several UK REITs including Segro and Liberaty International recorded the sharpest falls in the value of their portfolios, while of Continental players saw the writedowns confined to 1-4%.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
