UK REIT Hammerson said its portfolio declined 14% in value to £4.7 bn (EUR 5.5 bn) in the first half of 2009 from £6.5 bn a year earlier, reflecting difficult conditions in the commercial property market. As a result, adjusted net asset value per share fell to £3.73 from a pro forma figure of £5.16 at 31 December 2008.
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.
