Blackrock reports 5.1% decline in NAV

Releasing its interim results for the six months to June 30, property firm Blackrock International Land has today reported 5.1% decline in NAV to €37.46.

Net assets decreased by €11.8m during the first half of 2008, from €230.3m to €218.5m, a decline of 5.1%, reflecting the changed market conditions and the strength of the euro during the period.