Columbia Threadneedle’s Balanced Commercial Property Trust has lost 15% of its net asset value in the last quarter.
BCPT’s NAV fell from £979.2m in September to £831.5m in December, with NAV per share falling from 139.6p to 118.5p.
The total portfolio value, which includes St Christopher’s Place, W1, decreased by 11.9% on a like-for-like basis to £1.1bn, driven by market yield movement.
BCPT’s industrial and logistics assets saw a decline in value of 18%.
However, asset management initiatives during the quarter resulted in the £127.5m retail warehousing portfolio being fully let.
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