17 Dec 2013

Property For Industry expects portfolio value has risen by 2.4%

7:38 am on 17 December 2013

Listed industrial property landlord, Property For Industry (PFI), says it expects the value of its portfolio has risen by $19.5 million (or 2.4%) to nearly $841.7 million.

PFI says the increase from a year ago is largely due to investors expecting lower returns, particularly from more expensive prime properties, and to expectations that rents will rise.

PFI says the independent valuations by Colliers International and Jones Lang LaSalle still have to be audited and the final outcome will be confirmed in its results for calendar 2013 which will released in February.