Shopping malls have experienced down values in Europe since 2018 but Offices reached their tops in February 2020. We now anticipate a 10-15% cut in values, as a minimum. It was 18% in 2008-09. We now factor it in our model for Gecina.
29 Apr 2020
Offices are in the levitation phase
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Offices are in the levitation phase
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
29 Apr 2020 -
Author:
Christian Auzanneau -
Pages:
4
Shopping malls have experienced down values in Europe since 2018 but Offices reached their tops in February 2020. We now anticipate a 10-15% cut in values, as a minimum. It was 18% in 2008-09. We now factor it in our model for Gecina.