| Updated:
Sharp drop for Warner Estates
Property fund manager Warner Estate Holdings yesterday revealed a post tax loss of £38.7m for the year ending March 2012, compared to a loss of £7.2m for last year. The manager said this was mainly due to fair value adjustments on investment properties and investments as well as realised losses on the sale of properties. Revenue was down slightly to £29.5m from £30.5m, accounts showed.