European logistics sector faces volatility, says Investec Property Fund boss
Higher interest rates are expected to hurt earnings in the second half, says CEO Andrew Wooler
22 November 2022 - 21:16
Investec Property Fund (IPF) says faster-than-expected interest rate increases will have a detrimental effect on its second-half performance.
Rising interest rates drive up the cost of servicing debt, while real estate investors also have to take into account the rising cost of refinancing debt that has matured...
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