The value of Land Securities' investment property portfolio declined 20% from £12.5 bn (EUR 14.2 bn ) at end-September 2008 to £9.96 bn (EUR 11.3 bn) on 31 January this year. The company released the information on Thursday as it announced plans to raise £755.7 mln (EUR 860 mln) through a heavily discounted rights issue.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
