UK: Softening Prices Hit Freeport Factory Outlets
European factory outlet specialist Freeport has blamed a £17.3 million fall in the value of its reserves on softening prices for retail properties in the UK. The company yesterday reported net asset values of 564p a share for the year to June 30, down from 601p the year before. Several of the UK's larger property companies have experienced declines in the value of retail properties, particularly high-street shops and smaller shopping centres.
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