PROPERTY group Blackrock International Land wrote down the value ofassets this year, but said the rate of decline in property valuations has slowed significantly.

FYFFES, the publicly quoted fresh produce group, has bought a pineapple plantation and related production assets from Agroindustries Golden West in Panama.

The ISEQ-index of Irish shares has edged forward by 0.08 points to 5,527.47 in a morning of cautious trading in Dublin.

THOSE who take a keen interest in the agri-sector could be forgiven for thinking that property was the new food, or should that be drug?

The ISEQ index of Irish shares slipped by almost half a percentage point this morning, down 47.12 to 9497.48.

The ISEQ index of Irish shares has got off to a relatively slow start this morning reporting a 12.89 increase at 9847.78 by 11.15am.

THE ISEQ Index slipped back slightly yesterday continuing its recent downward trend falling 17.84 to 9,271.32.

Blackrock International Land plc is pleased to announce that it has agreed a short-term lease of its recently-acquired investment property in Santry, Dublin at an annual rent of €650,000, equivalent to a net initial yield of 6.7%.

There was little activity on the Irish Stock Exchange today, as few shares registered significant movement. The index did succeed in climbing 19.37 points to 7538.84, however.

Blackrock International Land plc has today announced the acquisition of two new properties, with a combined initial consideration of more than €9m.