Liberty's property portfolio solid in face of downturn (UK)

Despite a 7.7% drop in net asset value in the fourth quarter to 1264p a share, the company, which has a core portfolio made up of prime UK regional shopping centers, outperformed the Investment Property Databank retail Benchmark and peers such as British Land.

For the full year, the company saw its net asset value fall 5% to 1264p a share, with a fall of 7.7% in the fourth quarter. The underlying cause was a 25 basis point upward yield movement in the value of its portfolio, which is now worth

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