AEW NAV eases as retail dives

AEW UK REIT has reported drops in its net asset value driven by a 6.31% dive in its retail valuation, in the three months to 31 December. The company’s unaudited NAV was £147.m, or 94.24 pence per share, reflecting a quarterly drop of 0.12%. It reported a like-for-like loss of £0.25m in its portfolio, down 0.13%, to £195.8m. The REIT saw £1.75m shaved from its retail assets to £26m, making up less than a sixth of its portfolio. Marginal increases in industrial and offices failed to offset this. AEW saw its industrial assets increase by 1.01% to $94.88m, and offices