Europe's listed real estate companies suffered a EUR 44 bn non-cash devaluation hit to their investment portfolios in the last financial year, according to the second annual PropertyEU ranking of the top listed real estate investors in Europe. The largest devaluations were in the UK, which underwent a steep price correction as funding for acquisitions dried up.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
