Commercial property values continue decline

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Commercial property values continue decline

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03-28-2008, 12:19 PM

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Commercial property values continue decline

Songbird Estates, the commercial property firm that owns over half of London’s Canary Wharf, has reported that the value of its property fell by 4.3% in the second half of 2007.The company expects further write downs in the value of its portfolio in the first-half of this year, as the global financial crisis continues to [...]

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