Source - SMW
LXB Retail Properties' net asset value per share fell to 33.63p in the six months to the end of March - down from 56.70p at the end of September - after adjusting for the return of capital of 18p per share.

The group said that while this was disappointing, it reflected the difficult markets in which it was  operating, both with regard to the occupier market and in construction. 

It said that in addition, it faced the inevitable problems of a run-off vehicle with a very public timetable.