The UK Commercial Property Trust has posted a 2.4% first-half decline in the value of its property portfolio from the figure for H1 2011.
The company said the fall was mainly due to a decrease in the value of its shopping centre portfolio, which includes Junction 27 retail park in Leeds.
The decline in performance has resulted in a fall in its net asset value per share to 72.3p, while NAV total return was down by 0.8%.
Its highlights for the first half of the year include the purchase of three multilet industrial parks for £60.5m.
The company said its first half-year results represent a “resilient performance” in a challenging economic environment.
