New Frontier says portfolio may be undervalued
The UK landlord is battling with Covid-19 uncertainty with all but essential shops closed in during its third quarter
22 July 2020 - 12:52
UK retail landlord New Frontier Properties (NFP) has deferred a decision on coronavurs-related writedowns of its property portfolio amid indications it may be undervalued.
The group, which has a market capitalisation of R23m, said on Wednesday that it is assessing the fallout from Covid-19, which saw all but essential shops closed in the UK during its third quarter to end-May...
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