The companies, which included FTSE 100-listed Land Securities, Slough Estates, BritishLand, Hammerson and Liberty International, all enjoyed double-digit share price rises, valuing them at a premium to their net asset value for the first time in years. Investors snapped them up with the expectation of higher dividend payouts to come.
Share prices for all real estate companies have been soaring partly on investor expectation that some of them will either convert to Reits or be acquired by Reits.
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