British Land says property value fall slows

Tue May 20, 2008 7:52am BST
 
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LONDON (Reuters) - British Land (BLND.L) said on Tuesday a decline in property values has slowed so far this year and there are increasing signs of investor interest at current levels, although sentiment remains volatile.

The property company said the value of its portfolio fell 10 percent in the year ended March 31, including a 2.2 percent fall in the final quarter.

Net asset value per share was down 20 percent over the year to 1,344 pence, including a 4 percent fall in the fourth quarter.

(Reporting by Mark Potter; Editing by Sue Thomas)

 
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