LONDON-Central London specialist Benchmark saw the value of its valuation fall at its annual valuation at 31 December 2001. Valuers DTZ Debenham Tie Leung; CB Hillier Parker and Atis Real Weatheralls marked down the value of its holdings by 2%, reflecting the downturn in the central London office market.

But significantly chairman Tan Sri Quek Leng Chan said:’ the reduction in value was as a result of a fall in market rents and estimates of future rents for offices rather than a shift in yields.’

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