Department Store’s Portfolio Plummets by £638.6m, 20.6% Decline
- Selfridges’ property value fell by over £600m last year
- The department store’s property portfolio was marked down by £638.6m by valuers
- A 20.6% decrease in the property portfolio’s value
The value of Selfridges’ property portfolio took a significant hit last year, with the department store’s assets losing over £600 million according to The Sunday Times. Accounts revealed that valuers marked down its £3.1 billion property portfolio by £638.6 million, representing a 20.6% decrease.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the decrease in the value of Selfridges’ property portfolio based on reported accounts from The Sunday Times and The Times.
Noise Level: 7
Noise Justification: The article provides relevant information about the decline in the value of Selfridges’ property portfolio but lacks analysis or context on why this happened and does not offer any actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the decrease in value of Selfridges’ property portfolio, which is a financial topic related to a company’s assets. However, it does not mention any direct impact on specific financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it does not meet the criteria for an extreme event happening in the last 48 hours.
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