European real estate stocks bounce at end of troubled month

Wallenstam AB

30/03/2023 08:24

MILAN, March 30 (Reuters) - Real estate stocks were the
top performers in Europe on Thursday as immediate concerns over
prospects for the highly leveraged sector eased after a heavy
drop in March that dragged it close to 10-year lows hit last
year.
    The STOXX Europe Real Estate  .SX86P  rose 2.8% by 0743 GMT,
leading sectoral gainers in the region, while the broader STOXX
600  .STOXX  equity benchmark index was up 0.9%.
    Shares in Sweden's Castellum   CAST.ST , Wallenstam
 WALLb.ST  and in Germany's Aroundtown  AT1.DE  and Vonovia
 VNAn.DE  led real estate gainers, up more than 4%.    

 (Reporting by Danilo Masoni; Editing by Amanda Cooper)
 ((Danilo.Masoni@TR.com; +39-02-66129734; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net; On Twitter https://twitter.com/damasoni))