Hammerson: UK property market facing uncertainty after Brexit vote
Bengaluru
SHOPPING centre landlord Hammerson Plc said the impact of Britain's decision to leave the European Union (EU) on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty.
The company, which partly owns the Brent Cross Shopping Centre in London, said its external valuers had said that the probability of their valuations exactly matching the price achieved if Hammerson sold its assets had reduced after the Brexit vote.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2