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.
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.
