Office property write-downs are done, super investors say
Super fund investment chiefs expect they will not have to slash valuations of their hefty real estate portfolios again this year, saying the double-digit write-downs they endured in 2023 were over, even as the broader market anticipates more falls.
The top investors said they had already cut valuations in the most problematic sector of office buildings to the extent further write-downs were not needed, in responses to The Australian Financial Review’s January super fund survey.
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