German retail property investor Dawnay Day Treveria has hoisted the for sale sign by announcing a strategic review. The group embarked on the review after the discount between the value of its shares and its last reported net asset value rose above 60 per cent. The wide discount reflects investors’ fears that a combination of high gearing and a worsening outlook for continental European property values could batter net asset values in the coming months.
IC TIP:
Hold
at
56€
