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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

U.K. Property Values? They Are Anyone’s Guess

Posted on 24 August 2016

Most agree commercial real estate is down since Brexit, but estimates differ over how much. Property broker CBRE estimated that property values across the U.K. fell 3.3% in July. Data-firm MSCI Inc. said values fell 2.8%.
Norway’s sovereign-wealth fund said it took 5% off the value of its U.K. property portfolio because of Brexit. Aberdeen Asset Management, which operates a U.K. property fund, at first knocked its value down 17% to reflect rapid sales but more recently said it is off 5%………………………………………..Full Article: Source


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