Suspended Brandeaux property portfolio hit by fresh writedown

The value of the suspended Brandeaux Student Accommodation fund's property portfolio has been cut by more than 6% by Savills following an independent valuation process.

In a property valuation undertaken for the financial year-end following the portfolio's failed IPO, Savills said it now values Brandeaux's student accommodation portfolio at £1.12bn at the end of August,...

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