There's further downside risk to listed property values 

There's further downside risk to listed property values – Momentum


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Commercial property demand and supply dynamics remain out of balance.
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Woolworths is planning to cut 15% of its apparel space in the next two years, reflecting the general retail trend towards consolidation. Image: Siphiwe Sibeko/Reuters
There is a further downside risk to listed real estate investment trust (Reit) values over the next few financial reporting periods because demand and supply dynamics in the sector remain out of balance, according to Momentum Investments.
However, Lawrence Koikoi, a listed property portfolio manager at Momentum Investments, stressed that not all property companies will experience the same decline in value.

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