JSE-listed stocks with property holdings in the UK which have slumped since the Brexit vote in 2016, could be in for a rebound as traders price in the chance of the country not leaving the EU this year. Capital & Counties (CapCo), Intu Properties, Capital & Regional and RDI Reit lost about R30bn in market value immediately following the referendum in June 2016. There has been continued pressure on their share prices since investors sold off on negative sentiment around how Brexit would affect commercial property in the UK. By the beginning of 2018, these four stocks had lost about R107bn. But the sell-off has eased in 2019 and following the rejection of British Prime Minister Theresa May’s Brexit deal on Tuesday, there is some optimism that some of these losses will be regained with it looking less likely that the UK will leave the EU by its March 29 target date. CapCo was up 0.36% for the year to date, while Intu increased 1.66%. RDI Reit was 0.19% higher. Capital & Regional was th...

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